Pendal Group Ltd lifted its stake in Huazhu Group Ltd (NASDAQ:HTHT) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,956 shares of the company’s stock after purchasing an additional 2,752 shares during the period. Pendal Group Ltd’s holdings in Huazhu Group were worth $2,066,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of HTHT. Mizuho Securities USA LLC acquired a new stake in Huazhu Group during the 2nd quarter worth $155,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Huazhu Group by 135.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock worth $171,000 after acquiring an additional 745 shares during the period. Wrapmanager Inc. acquired a new stake in Huazhu Group during the 2nd quarter worth $205,000. Tower Research Capital LLC TRC acquired a new stake in Huazhu Group during the 2nd quarter worth $207,000. Finally, Marietta Investment Partners LLC acquired a new stake in Huazhu Group during the 2nd quarter worth $218,000. 36.83% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on HTHT. Zacks Investment Research lowered shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. JPMorgan Chase & Co. lowered their target price on shares of Huazhu Group from $53.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, October 24th. ValuEngine lowered shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Deutsche Bank cut shares of Huazhu Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $25.00 in a research report on Monday, September 10th. Finally, BidaskClub cut shares of Huazhu Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.54.
Shares of NASDAQ HTHT opened at $25.85 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 37.65 and a beta of 1.75. Huazhu Group Ltd has a twelve month low of $24.90 and a twelve month high of $49.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.19.
Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. The company had revenue of $381.03 million for the quarter. Huazhu Group had a net margin of 12.58% and a return on equity of 23.00%. As a group, equities analysts anticipate that Huazhu Group Ltd will post 0.8 earnings per share for the current fiscal year.
Huazhu Group Profile
Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.
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