Dorsey Wright & Associates Trims Stake in Huazhu Group Ltd (HTHT)

Dorsey Wright & Associates decreased its position in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 33.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 417,853 shares of the company’s stock after selling 206,756 shares during the quarter. Huazhu Group comprises about 2.5% of Dorsey Wright & Associates’ investment portfolio, making the stock its 3rd largest holding. Dorsey Wright & Associates owned about 0.14% of Huazhu Group worth $13,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AMP Capital Investors Ltd acquired a new stake in Huazhu Group in the second quarter worth about $780,000. GMT Capital Corp lifted its holdings in Huazhu Group by 180.4% in the second quarter. GMT Capital Corp now owns 488,276 shares of the company’s stock worth $20,503,000 after purchasing an additional 314,157 shares during the period. Legal & General Group Plc lifted its holdings in Huazhu Group by 1,066.1% in the second quarter. Legal & General Group Plc now owns 554,469 shares of the company’s stock worth $23,283,000 after purchasing an additional 506,920 shares during the period. Sei Investments Co. lifted its holdings in 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 period. Finally, NumerixS Investment Technologies Inc lifted its holdings in Huazhu Group by 204.7% in the second quarter. NumerixS Investment Technologies Inc now owns 13,100 shares of the company’s stock worth $552,000 after purchasing an additional 8,800 shares during the period. 37.57% of the stock is owned by institutional investors.

Huazhu Group stock traded up $1.66 during midday trading on Friday, hitting $28.34. The company’s stock had a trading volume of 1,095,500 shares, compared to its average volume of 2,081,173. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.19. Huazhu Group Ltd has a 12 month low of $25.24 and a 12 month high of $49.60. The stock has a market cap of $9.41 billion, a PE ratio of 43.28 and a beta of 1.64.

Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings results on Thursday, August 23rd. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.17 by $0.10. Huazhu Group had a net margin of 12.58% and a return on equity of 23.00%. The firm had revenue of $381.03 million for the quarter. On average, equities analysts predict that Huazhu Group Ltd will post 0.74 EPS for the current fiscal year.

Several research firms recently weighed in on HTHT. BidaskClub downgraded shares of Huazhu Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. ValuEngine raised shares of Huazhu Group from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Morgan Stanley began coverage on shares of Huazhu Group in a report on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research raised shares of Huazhu Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Deutsche Bank cut shares of Huazhu Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $25.00 in a research report on Monday, September 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.88.

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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Institutional Ownership by Quarter for Huazhu Group (NASDAQ:HTHT)

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