China Lodging Group Ltd. (HTHT) Sees Unusually-High Trading Volume
China Lodging Group Ltd. (NASDAQ:HTHT) shares saw an uptick in trading volume on Tuesday . 205,312 shares changed hands during trading, a decline of 4% from the previous session’s volume of 213,666 shares.The stock last traded at $39.06 and had previously closed at $37.68.
Several brokerages have issued reports on HTHT. Goldman Sachs Group Inc. downgraded shares of China Lodging Group from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $7.50 to $9.00 in a research report on Thursday, May 5th. Zacks Investment Research upgraded shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, June 29th. Finally, Brean Capital restated a “buy” rating and set a $44.00 price objective on shares of China Lodging Group in a research report on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.46.
The stock’s 50-day moving average price is $35.02 and its 200 day moving average price is $32.65. The stock has a market cap of $2.66 billion and a price-to-earnings ratio of 33.88.
China Lodging Group (NASDAQ:HTHT) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $1.02. The firm earned $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities analysts anticipate that China Lodging Group Ltd. will post $8.96 EPS for the current fiscal year.
Other large investors have recently modified their holdings of the company. State of Wisconsin Investment Board increased its stake in shares of China Lodging Group by 31.2% in the fourth quarter. State of Wisconsin Investment Board now owns 41,292 shares of the company’s stock worth $1,291,000 after buying an additional 9,830 shares during the last quarter. Standard Life Investments LTD purchased a new stake in shares of China Lodging Group during the fourth quarter worth about $1,466,000. Finally, Russell Frank Co increased its position in China Lodging Group by 2,109.2% in the fourth quarter. Russell Frank Co now owns 200,180 shares of the company’s stock worth $6,278,000 after buying an additional 191,119 shares in the last quarter.
China Lodging Group, Limited is engaged in the business of operating and managing a multi-brand hotel group. The Company operates leased, manachised and franchised hotel 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.
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