Huazhu Group (NASDAQ:HTHT) Shares Down 6.2%

Huazhu Group Limited (NASDAQ:HTHT) dropped 6.2% on Thursday . The company traded as low as $34.79 and last traded at $34.79. Approximately 28,715 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,138,843 shares. The stock had previously closed at $37.09.

A number of research analysts recently commented on the company. Benchmark lowered their price objective on Huazhu Group from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 26th. UBS Group assumed coverage on Huazhu Group in a research report on Friday, September 24th. They set a “buy” rating and a $63.00 price target for the company. Finally, Zacks Investment Research lowered Huazhu Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Huazhu Group presently has an average rating of “Buy” and an average price target of $58.62.

The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 107.06 and a beta of 1.48. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average of $39.89 and a two-hundred day moving average of $44.94.

Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, November 24th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). Huazhu Group had a return on equity of 6.09% and a net margin of 5.55%. During the same period last year, the business earned ($0.11) earnings per share. As a group, sell-side analysts predict that Huazhu Group Limited will post -0.14 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thornburg Investment Management Inc. bought a new stake in Huazhu Group during the 3rd quarter valued at approximately $9,020,000. Banco Santander S.A. boosted its stake in Huazhu Group by 686.6% during the 3rd quarter. Banco Santander S.A. now owns 871,620 shares of the company’s stock valued at $39,972,000 after purchasing an additional 760,810 shares during the period. Northern Trust Corp lifted its position in shares of Huazhu Group by 9.9% in the 2nd quarter. Northern Trust Corp now owns 1,160,548 shares of the company’s stock worth $61,289,000 after acquiring an additional 104,676 shares during the period. Vanguard Group Inc. lifted its position in shares of Huazhu Group by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,293,387 shares of the company’s stock worth $385,164,000 after acquiring an additional 654,140 shares during the period. Finally, Profund Advisors LLC raised its holdings in shares of Huazhu Group by 2.0% in the 2nd quarter. Profund Advisors LLC now owns 21,021 shares of the company’s stock worth $1,110,000 after buying an additional 419 shares in the last quarter. Institutional investors own 51.27% of the company’s stock.

Huazhu Group Company Profile (NASDAQ:HTHT)

Huazhu Group Ltd. engages in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.

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