China Lodging Group (NASDAQ:HTHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
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. “
Several other research analysts have also issued reports on the company. Benchmark boosted their target price on China Lodging Group from $128.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. BidaskClub upgraded China Lodging Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.00.
China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. China Lodging Group had a return on equity of 19.55% and a net margin of 14.95%. The firm’s revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the business posted $4.28 earnings per share. analysts predict that China Lodging Group will post 3.32 earnings per share for the current year.
Several large investors have recently made changes to their positions in the business. Axiom International Investors LLC DE boosted its position in shares of China Lodging Group by 29.7% during the third quarter. Axiom International Investors LLC DE now owns 562,006 shares of the company’s stock valued at $66,778,000 after buying an additional 128,700 shares during the period. Macquarie Group Ltd. boosted its position in shares of China Lodging Group by 51.2% during the third quarter. Macquarie Group Ltd. now owns 535,157 shares of the company’s stock valued at $63,588,000 after buying an additional 181,279 shares during the period. American Century Companies Inc. boosted its position in shares of China Lodging Group by 18.8% during the third quarter. American Century Companies Inc. now owns 424,384 shares of the company’s stock valued at $50,425,000 after buying an additional 67,110 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of China Lodging Group by 82.0% during the second quarter. Goldman Sachs Group Inc. now owns 341,114 shares of the company’s stock valued at $27,521,000 after buying an additional 153,646 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of China Lodging Group by 12.1% in the second quarter. Wells Fargo & Company MN now owns 309,911 shares of the company’s stock valued at $25,002,000 after purchasing an additional 33,511 shares during the period. Institutional investors and hedge funds own 37.18% of the company’s stock.
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About China Lodging Group
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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