Huazhu Group (NASDAQ:HTHT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Huazhu Group Limited is a hotel operator and franchisor primarily in China. It primary focus on economy and midscale hotel segments,China Lodging Group’s brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing PremiumHotel, JI Hotel, Starway Hotel, Joya Hotel, VUE Hotel, Crystal Orange Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The Company’s busines includes leased and owned, manachised and franchised models. Lease and ownership model, the Company directly operateshotels typically located on leased or owned properties. Manachise model, the Company manages manachised hotels through the on-site hotel managers. Franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu Group Limited, formerly known as China Lodging Group Ltd., is based in Shanghai, China. “
A number of other equities research analysts have also commented on the company. ValuEngine raised Huazhu Group from a “hold” rating to a “buy” rating in a research report on Thursday. CLSA assumed coverage on Huazhu Group in a research report on Tuesday, January 22nd. They issued a “buy” rating for the company. Deutsche Bank lowered Huazhu Group from a “hold” rating to a “sell” rating and lowered their price target for the company from $23.00 to $20.00 in a research report on Tuesday, January 22nd. BidaskClub raised Huazhu Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. Finally, Citigroup assumed coverage on Huazhu Group in a research report on Tuesday, December 11th. They set a “buy” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Huazhu Group has an average rating of “Buy” and a consensus price target of $42.66.
NASDAQ HTHT opened at $35.30 on Friday. The firm has a market capitalization of $10.29 billion, a P/E ratio of 54.31 and a beta of 1.52. Huazhu Group has a 12 month low of $24.90 and a 12 month high of $49.60. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 1.17.
Several institutional investors have recently made changes to their positions in HTHT. Rehmann Capital Advisory Group increased its position in shares of Huazhu Group by 533.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Huazhu Group by 50.2% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,538 shares of the company’s stock valued at $44,000 after purchasing an additional 514 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Huazhu Group during the 4th quarter valued at $63,000. IFP Advisors Inc increased its position in shares of Huazhu Group by 10.9% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the company’s stock valued at $100,000 after purchasing an additional 324 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Huazhu Group during the 4th quarter valued at $103,000. 43.06% of the stock is owned by hedge funds and other institutional investors.
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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