US Bancorp DE trimmed its holdings in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 63.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,460 shares of the company’s stock after selling 16,492 shares during the quarter. US Bancorp DE’s holdings in Huazhu Group were worth $398,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG raised its position in Huazhu Group by 34.4% in the 4th quarter. Deutsche Bank AG now owns 538,718 shares of the company’s stock worth $15,420,000 after purchasing an additional 137,758 shares during the period. BlackRock Inc. raised its position in Huazhu Group by 4.1% in 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 period. Aubrey Capital Management Ltd raised its position in Huazhu Group by 5.0% in the 4th quarter. Aubrey Capital Management Ltd now owns 266,624 shares of the company’s stock worth $7,633,000 after purchasing an additional 12,600 shares during the period. Rehmann Capital Advisory Group raised its position in Huazhu Group by 533.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares during the period. Finally, Flowering Tree Investment Management Pte. Ltd. raised its position in Huazhu Group by 15.0% in the 4th quarter. Flowering Tree Investment Management Pte. Ltd. now owns 369,473 shares of the company’s stock worth $10,578,000 after purchasing an additional 48,235 shares during the period. Hedge funds and other institutional investors own 45.21% of the company’s stock.
HTHT stock traded down $0.50 during mid-day trading on Friday, reaching $31.11. The company had a trading volume of 34,858 shares, compared to its average volume of 1,980,425. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $9.19 billion, a P/E ratio of 86.65, a P/E/G ratio of 2.87 and a beta of 1.74. Huazhu Group Ltd has a 12 month low of $24.90 and a 12 month high of $49.60.
Huazhu Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, May 22nd. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.12). The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. Huazhu Group’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 earnings per share. On average, research analysts expect that Huazhu Group Ltd will post 0.77 EPS for the current fiscal year.
A number of research firms recently weighed in on HTHT. Zacks Investment Research lowered shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. TheStreet lowered shares of Huazhu Group from a “b-” rating to a “c+” rating in a research report on Friday, June 7th. ValuEngine lowered shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, BidaskClub lowered shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Huazhu Group has an average rating of “Hold” and an average price target of $41.20.
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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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