Great West Life Assurance Co. Can lifted its position in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,900 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Huazhu Group were worth $2,254,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. OppenheimerFunds Inc. raised its position in shares of Huazhu Group by 14.2% during the 3rd quarter. OppenheimerFunds Inc. now owns 27,674,669 shares of the company’s stock worth $893,892,000 after purchasing an additional 3,436,062 shares during the last quarter. Standard Life Aberdeen plc acquired a new position in shares of Huazhu Group during the 3rd quarter worth about $508,435,000. Schroder Investment Management Group raised its position in shares of Huazhu Group by 8.0% during the 3rd quarter. Schroder Investment Management Group now owns 12,251,948 shares of the company’s stock worth $395,737,000 after purchasing an additional 902,725 shares during the last quarter. Morgan Stanley raised its position in shares of Huazhu Group by 3.0% during the 3rd quarter. Morgan Stanley now owns 10,813,022 shares of the company’s stock worth $349,260,000 after purchasing an additional 317,864 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Huazhu Group by 4.1% during the 4th quarter. BlackRock Inc. now owns 5,985,269 shares of the company’s stock worth $171,357,000 after purchasing an additional 234,644 shares during the last quarter. 43.62% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on HTHT shares. ValuEngine upgraded shares of Huazhu Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Huazhu Group from a “sell” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, January 17th. BidaskClub upgraded shares of Huazhu Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, CLSA started coverage on shares of Huazhu Group in a report on Tuesday, January 22nd. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.36.
HTHT stock opened at $39.00 on Friday. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 77.15, a price-to-earnings-growth ratio of 1.72 and a beta of 1.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.17 and a quick ratio of 1.33. Huazhu Group Ltd has a 12 month low of $24.90 and a 12 month high of $49.60.
Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.02). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.60 billion. Huazhu Group had a net margin of 7.16% and a return on equity of 15.82%. During the same quarter in the previous year, the company posted $3.55 EPS. On average, sell-side analysts expect that Huazhu Group Ltd will post 1.11 earnings per share for the current year.
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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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