Indus Capital Partners LLC lifted its stake in Huazhu Group Ltd (NASDAQ:HTHT) by 515.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,852 shares of the company’s stock after buying an additional 22,489 shares during the period. Indus Capital Partners LLC’s holdings in Huazhu Group were worth $1,128,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Huazhu Group by 299.0% in the second quarter. Sei Investments Co. now owns 267,007 shares of the company’s stock worth $11,212,000 after purchasing an additional 200,084 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Huazhu Group by 19.7% in the first quarter. Legal & General Group Plc now owns 47,549 shares of the company’s stock worth $6,263,000 after purchasing an additional 7,818 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Huazhu Group in the first quarter worth about $32,046,000. Guggenheim Capital LLC grew its stake in shares of Huazhu Group by 29.0% in the first quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock worth $617,000 after purchasing an additional 1,053 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Huazhu Group by 92.0% in the first quarter. BlackRock Inc. now owns 18,849 shares of the company’s stock worth $2,483,000 after purchasing an additional 9,034 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.
Huazhu Group stock opened at $31.29 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.19. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 48.14 and a beta of 1.59. Huazhu Group Ltd has a fifty-two week low of $25.67 and a fifty-two week high of $49.60.
Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The business had revenue of $381.03 million for the quarter. Huazhu Group had a return on equity of 23.00% and a net margin of 12.58%. analysts forecast that Huazhu Group Ltd will post 0.74 earnings per share for the current year.
HTHT has been the topic of several recent analyst reports. ValuEngine cut Huazhu Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. Morgan Stanley initiated coverage on Huazhu Group in a research note on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Huazhu Group from $45.50 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. BidaskClub raised Huazhu Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 9th. Finally, Zacks Investment Research raised Huazhu Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Huazhu Group currently has a consensus rating of “Buy” and an average target price of $48.85.
About Huazhu Group
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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