Tower Research Capital LLC TRC grew its position in Huazhu Group Ltd (NASDAQ:HTHT) by 1,311.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,756 shares of the company’s stock after purchasing an additional 4,419 shares during the period. Tower Research Capital LLC TRC’s holdings in Huazhu Group were worth $172,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Sustainable Growth Advisers LP bought a new stake in shares of Huazhu Group in the second quarter valued at about $207,000. Campbell & CO Investment Adviser LLC bought a new stake in Huazhu Group during the first quarter worth about $210,000. GYL Financial Synergies LLC bought a new stake in Huazhu Group during the first quarter worth about $221,000. FDx Advisors Inc. bought a new stake in Huazhu Group during the second quarter worth about $229,000. Finally, AJO LP bought a new stake in Huazhu Group during the first quarter worth about $263,000. Institutional investors own 47.53% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Huazhu Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Goldman Sachs Group lowered Huazhu Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $40.00 in a report on Friday, September 13th. HSBC lowered Huazhu Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Bank of America dropped their target price on Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Credit Suisse Group lowered Huazhu Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.21.
Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 earnings per share. On average, analysts forecast that Huazhu Group Ltd will post 0.81 earnings per share for the current year.
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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