China Lodging Group Ltd. (HTHT) Trading Down 3.1%
China Lodging Group Ltd. (NASDAQ:HTHT) shares dropped 3.1% during mid-day trading on Thursday . The stock traded as low as $36.96 and last traded at $37.13, with a volume of 82,598 shares traded. The stock had previously closed at $38.31.
HTHT has been the topic of several 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. Brean Capital reissued a “buy” rating and set a $44.00 price objective on shares of China Lodging Group in a research report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $39.00 price objective on shares of China Lodging Group in a research report on Thursday, June 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.46.
The firm’s 50 day moving average is $37.24 and its 200 day moving average is $33.71. The stock has a market cap of $2.49 billion and a price-to-earnings ratio of 31.60.
China Lodging Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, May 11th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $1.02. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts expect that China Lodging Group Ltd. will post $1.38 EPS for the current year.
An institutional investor recently raised its position in China Lodging Group stock. State of Wisconsin Investment Board increased its stake in shares of China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 41,292 shares of the company’s stock after buying an additional 9,830 shares during the period. State of Wisconsin Investment Board owned approximately 0.07% of China Lodging Group worth $1,291,000 at the end of the most recent reporting period.
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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