China Lodging Group, Limited (NASDAQ:HTHT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “

A number of other brokerages have also issued reports on HTHT. BidaskClub lowered shares of China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Bank of America Corporation raised their target price on shares of China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.71.

China Lodging Group, Limited (HTHT) traded down 1.62% on Tuesday, reaching $132.73. The company had a trading volume of 491,365 shares. The stock has a 50 day moving average price of $118.85 and a 200 day moving average price of $90.94. China Lodging Group, Limited has a 52-week low of $41.69 and a 52-week high of $138.44. The stock has a market capitalization of $9.26 billion, a PE ratio of 64.90 and a beta of 1.61.

China Lodging Group, Limited (NASDAQ:HTHT) last issued its quarterly earnings data on Thursday, August 17th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.20. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $4.67 EPS. The company’s revenue was up 20.1% on a year-over-year basis. Analysts expect that China Lodging Group, Limited will post $2.79 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. Ariose Capital Management Ltd bought a new stake in shares of China Lodging Group, Limited in the 2nd quarter worth approximately $58,485,000. Wasatch Advisors Inc. bought a new stake in shares of China Lodging Group, Limited in the 2nd quarter worth approximately $17,753,000. Goldman Sachs Group Inc. raised its holdings in shares of China Lodging Group, Limited by 82.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 341,114 shares of the company’s stock worth $27,521,000 after purchasing an additional 153,646 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of China Lodging Group, Limited by 754.5% during the second quarter. Alliancebernstein L.P. now owns 151,799 shares of the company’s stock valued at $12,247,000 after acquiring an additional 134,034 shares during the period. Finally, Pictet Asset Management Ltd. raised its holdings in shares of China Lodging Group, Limited by 34.7% during the second quarter. Pictet Asset Management Ltd. now owns 509,009 shares of the company’s stock valued at $38,889,000 after acquiring an additional 131,188 shares during the period. Institutional investors and hedge funds own 38.04% of the company’s stock.

China Lodging Group, Limited Company Profile

China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.

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