Axiom International Investors LLC DE lowered its holdings in Huazhu Group Ltd (NASDAQ:HTHT) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,087,329 shares of the company’s stock after selling 11,671 shares during the quarter. Axiom International Investors LLC DE owned approximately 0.37% of Huazhu Group worth $35,121,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. AMP Capital Investors Ltd bought a new position in shares of Huazhu Group during the 2nd quarter worth approximately $780,000. Castleark Management LLC raised its stake in shares of Huazhu Group by 213.2% during the 2nd quarter. Castleark Management LLC now owns 15,620 shares of the company’s stock worth $656,000 after acquiring an additional 10,632 shares in the last quarter. GMT Capital Corp raised its stake in shares of Huazhu Group by 180.4% during the 2nd quarter. GMT Capital Corp now owns 488,276 shares of the company’s stock worth $20,503,000 after acquiring an additional 314,157 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Huazhu Group by 1,066.1% during the 2nd quarter. Legal & General Group Plc now owns 554,469 shares of the company’s stock worth $23,283,000 after acquiring an additional 506,920 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Huazhu Group by 299.0% during the 2nd quarter. Sei Investments Co. now owns 267,007 shares of the company’s stock worth $11,212,000 after acquiring an additional 200,084 shares in the last quarter. Institutional investors and hedge funds own 43.17% of the company’s stock.
Shares of Huazhu Group stock opened at $30.28 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.33 and a debt-to-equity ratio of 1.17. Huazhu Group Ltd has a 12-month low of $24.90 and a 12-month high of $49.60. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 46.46 and a beta of 1.75.
Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings results on Thursday, November 15th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). Huazhu Group had a net margin of 14.00% and a return on equity of 24.86%. The company had revenue of $402.97 million for the quarter. Research analysts forecast that Huazhu Group Ltd will post 0.7 EPS for the current year.
HTHT has been the subject of several 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. JPMorgan Chase & Co. reduced their price objective 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. Zacks Investment Research upgraded shares of Huazhu Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, November 21st. Deutsche Bank lowered shares of Huazhu Group from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $25.00 in a research note on Monday, September 10th. Finally, Goldman Sachs Group upgraded shares of Huazhu Group from a “neutral” rating to a “buy” rating in a research note on Monday, September 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.75.
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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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