American Century Companies Inc. Trims Position in Huazhu Group Ltd (HTHT)

American Century Companies Inc. lessened its holdings in Huazhu Group Ltd (NASDAQ:HTHT) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,886,365 shares of the company’s stock after selling 201,552 shares during the period. American Century Companies Inc. owned approximately 1.33% of Huazhu Group worth $125,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Huazhu Group by 135.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock worth $171,000 after buying an additional 745 shares during the period. Mizuho Securities USA LLC purchased a new stake in shares of Huazhu Group during the second quarter valued at $155,000. Guggenheim Capital LLC boosted its stake in shares of Huazhu Group by 29.0% during the first quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock valued at $617,000 after purchasing an additional 1,053 shares during the period. Wrapmanager Inc. purchased a new stake in shares of Huazhu Group during the second quarter valued at $205,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Huazhu Group during the second quarter valued at $207,000. Institutional investors own 36.83% of the company’s stock.

HTHT has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Huazhu Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered shares of Huazhu Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Deutsche Bank lowered shares of Huazhu Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $25.00 in a research note on Monday, September 10th. Goldman Sachs Group raised shares of Huazhu Group from a “neutral” rating to a “buy” rating in a research note on Monday, September 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Huazhu Group from $53.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.54.

Shares of HTHT opened at $25.85 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 39.77 and a beta of 1.75. Huazhu Group Ltd has a 12-month low of $24.90 and a 12-month high of $49.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.19.

Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. The firm had revenue of $381.03 million during the quarter. Huazhu Group had a net margin of 12.58% and a return on equity of 23.00%. Analysts predict that Huazhu Group Ltd will post 0.8 EPS for the current year.

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

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