First Trust Advisors LP acquired a new position in shares of China Lodging Group Ltd. (NASDAQ:HTHT) during the second quarter, Holdings Channel reports. The fund acquired 34,757 shares of the company’s stock, valued at approximately $1,266,000. First Trust Advisors LP owned about 0.05% of China Lodging Group at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Granite Point Capital Management L.P. purchased a new position in shares of China Lodging Group during the second quarter worth $600,000. Emerald Acquisition Ltd. purchased a new position in shares of China Lodging Group during the second quarter worth $5,245,000. Quantbot Technologies LP purchased a new position in shares of China Lodging Group during the second quarter worth $107,000. Bank of New York Mellon Corp raised its position in shares of China Lodging Group by 1,550.0% in the second quarter. Bank of New York Mellon Corp now owns 203,213 shares of the company’s stock worth $7,402,000 after buying an additional 190,897 shares during the period. Finally, Henderson Group PLC purchased a new position in shares of China Lodging Group during the second quarter worth $17,079,000. 37.58% of the stock is owned by institutional investors.
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) traded down 2.44% during midday trading on Friday, hitting $45.09. The company’s stock had a trading volume of 206,791 shares. China Lodging Group Ltd. has a 52-week low of $24.55 and a 52-week high of $47.72. The stock’s 50 day moving average is $44.74 and its 200-day moving average is $38.24. The firm has a market cap of $3.12 billion, a P/E ratio of 29.82 and a beta of 1.43.
China Lodging Group (NASDAQ:HTHT) last announced its earnings results on Tuesday, August 16th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.30. China Lodging Group had a return on equity of 16.36% and a net margin of 10.76%. The firm had revenue of $254.40 million for the quarter, compared to the consensus estimate of $248.76 million. During the same quarter in the previous year, the business earned $2.59 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that China Lodging Group Ltd. will post $1.55 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on HTHT shares. Zacks Investment Research upgraded China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Thursday, July 7th. Brean Capital increased their target price on China Lodging Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Morgan Stanley lowered China Lodging Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $36.20 to $40.00 in a research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $39.00 target price on shares of China Lodging Group in a research note on Thursday, June 9th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.19.
About China Lodging Group
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.
Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Lodging Group Ltd. (NASDAQ:HTHT).
Receive News & Ratings for China Lodging Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Lodging Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.