Thornburg Investment Management Inc. boosted its stake in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 82.3% during the 1st quarter, HoldingsChannel reports. The firm owned 547,296 shares of the company’s stock after buying an additional 247,025 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Huazhu Group were worth $23,063,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HTHT. FMR LLC raised its stake in Huazhu Group by 785.6% during the 4th quarter. FMR LLC now owns 1,568,442 shares of the company’s stock worth $44,905,000 after acquiring an additional 1,391,341 shares in the last quarter. Norges Bank acquired a new stake in shares of Huazhu Group in the fourth quarter worth $31,124,000. Bank of Montreal Can increased its position in shares of Huazhu Group by 877.4% in the first quarter. Bank of Montreal Can now owns 1,205,670 shares of the company’s stock worth $50,806,000 after acquiring an additional 1,082,319 shares in the last quarter. Matthews International Capital Management LLC increased its position in shares of Huazhu Group by 83.6% in the fourth quarter. Matthews International Capital Management LLC now owns 1,495,100 shares of the company’s stock worth $42,805,000 after acquiring an additional 680,800 shares in the last quarter. Finally, Yiheng Capital LLC increased its position in shares of Huazhu Group by 26.9% in the fourth quarter. Yiheng Capital LLC now owns 2,662,588 shares of the company’s stock worth $76,230,000 after acquiring an additional 564,194 shares in the last quarter. Institutional investors own 46.78% of the company’s stock.
NASDAQ:HTHT traded down $0.86 during trading hours on Friday, reaching $34.80. 54,345 shares of the stock were exchanged, compared to its average volume of 1,331,963. Huazhu Group Ltd has a twelve month low of $24.90 and a twelve month high of $49.60. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 1.39. The company has a market cap of $10.72 billion, a P/E ratio of 96.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.54.
Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). Huazhu Group had a return on equity of 15.82% and a net margin of 7.16%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $3.55 EPS. As a group, analysts anticipate that Huazhu Group Ltd will post 1.11 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on HTHT shares. Deutsche Bank lowered shares of Huazhu Group from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $23.00 to $20.00 in a research report on Tuesday, January 22nd. Zacks Investment Research lowered Huazhu Group from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. CLSA assumed coverage on Huazhu Group in a research report on Tuesday, January 22nd. They issued a “buy” rating for the company. BidaskClub upgraded Huazhu Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Morgan Stanley lowered Huazhu Group from an “equal weight” rating to an “underweight” rating in a research report on Sunday, March 17th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.67.
Huazhu Group Company 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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