China Lodging Group, Limited (HTHT) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in China Lodging Group, Limited (NASDAQ:HTHT) by 29.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,851 shares of the company’s stock after purchasing an additional 18,967 shares during the quarter. New York State Common Retirement Fund owned 0.12% of China Lodging Group, Limited worth $6,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HTHT. US Bancorp DE increased its holdings in shares of China Lodging Group, Limited by 12.5% in the 1st quarter. US Bancorp DE now owns 2,480 shares of the company’s stock valued at $154,000 after purchasing an additional 275 shares in the last quarter. Evanston Investments Inc. dba Evanston Advisors purchased a new position in shares of China Lodging Group, Limited in the 2nd quarter valued at about $218,000. Profund Advisors LLC purchased a new position in shares of China Lodging Group, Limited in the 2nd quarter valued at about $257,000. Oppenheimer Asset Management Inc. purchased a new position in shares of China Lodging Group, Limited in the 1st quarter valued at about $298,000. Finally, Invictus RG increased its holdings in shares of China Lodging Group, Limited by 215.3% in the 1st quarter. Invictus RG now owns 5,017 shares of the company’s stock valued at $311,000 after purchasing an additional 3,426 shares in the last quarter. Institutional investors and hedge funds own 38.04% of the company’s stock.

China Lodging Group, Limited (NASDAQ:HTHT) last issued its quarterly earnings results on Thursday, August 17th. The company reported $0.80 EPS for the quarter, topping the 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $4.67 earnings per share. China Lodging Group, Limited’s revenue for the quarter was up 20.1% compared to the same quarter last year.

HTHT has been the subject of a number of research analyst reports. BidaskClub downgraded shares of China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Bank of America Corporation raised their target price on shares of China Lodging Group, Limited from $104.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research downgraded shares of China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $81.71.

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About China Lodging Group, Limited

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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Institutional Ownership by Quarter for China Lodging Group, Limited (NASDAQ:HTHT)

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