Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 424,264 shares of the company’s stock after acquiring an additional 4,100 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Huazhu Group were worth $14,009,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HTHT. Quadrant Capital Group LLC increased its position in Huazhu Group by 14.0% during the third quarter. Quadrant Capital Group LLC now owns 4,371 shares of the company’s stock valued at $143,000 after acquiring an additional 536 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Huazhu Group by 1,311.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,756 shares of the company’s stock valued at $172,000 after acquiring an additional 4,419 shares during the last quarter. Sustainable Growth Advisers LP purchased a new stake in Huazhu Group during the second quarter valued at $207,000. Hancock Whitney Corp purchased a new stake in Huazhu Group during the second quarter valued at $218,000. Finally, FDx Advisors Inc. purchased a new stake in Huazhu Group during the second quarter valued at $229,000. Institutional investors own 47.61% of the company’s stock.
NASDAQ:HTHT traded up $0.35 during mid-day trading on Monday, hitting $37.43. 1,694,356 shares of the company traded hands, compared to its average volume of 1,340,045. The stock’s fifty day moving average price is $35.18 and its 200-day moving average price is $34.69. Huazhu Group Ltd has a one year low of $25.40 and a one year high of $45.39. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 3.46. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 103.97, a price-to-earnings-growth ratio of 3.66 and a beta of 1.80.
Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. Huazhu Group’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that Huazhu Group Ltd will post 0.81 EPS for the current year.
HTHT has been the subject of a number of research reports. Goldman Sachs Group cut Huazhu Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $43.00 to $40.00 in a research report on Friday, September 13th. Daiwa Capital Markets reiterated a “sell” rating on shares of Huazhu Group in a research report on Wednesday, October 16th. TheStreet upgraded Huazhu Group from a “c” rating to a “b-” rating in a research report on Friday, August 23rd. BidaskClub upgraded Huazhu Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 12th. Finally, HSBC cut Huazhu Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.92.
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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