China Lodging Group Ltd. (NASDAQ:HTHT) shares traded down 1.8% on Tuesday . The company traded as low as $37.92 and last traded at $38.26, with a volume of 107,567 shares changing hands. The stock had previously closed at $38.95.

HTHT has been the topic of a number of research reports. Zacks Investment Research raised shares of China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, July 7th. Goldman Sachs Group Inc. lowered shares of China Lodging Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $7.50 to $9.00 in a research report on Thursday, May 5th. Finally, Brean Capital reissued a “buy” rating and issued a $44.00 price objective on shares of China Lodging Group in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. China Lodging Group currently has an average rating of “Buy” and an average price target of $35.46.

The company’s 50-day moving average is $36.43 and its 200-day moving average is $33.23. The company has a market cap of $2.57 billion and a PE ratio of 32.67.

China Lodging Group (NASDAQ:HTHT) last announced its quarterly earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $1.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. Analysts predict that China Lodging Group Ltd. will post $1.37 EPS for the current year.

Other hedge funds and institutional investors have made changes to their positions in the company. Russell Frank Co increased its position in shares of 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 during the last quarter. Standard Life Investments LTD purchased a new position in China Lodging Group during the fourth quarter worth $1,466,000. Finally, State of Wisconsin Investment Board increased its position in 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 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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