China Lodging Group Ltd. (HTHT) Shares Up 7%
Shares of China Lodging Group Ltd. (NASDAQ:HTHT) shot up 7% during mid-day trading on Monday . The stock traded as high as $41.55 and last traded at $41.55, with a volume of 175,512 shares traded. The stock had previously closed at $38.82.
Several research firms recently issued reports on HTHT. Brean Capital reiterated a “buy” rating and set a $44.00 target price on shares of China Lodging Group in a report on Thursday, May 12th. Zacks Investment Research upgraded China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $39.00 target price on shares of China Lodging Group in a report on Thursday, June 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.46.
The firm has a market cap of $2.89 billion and a PE ratio of 36.68. The firm has a 50-day moving average price of $37.83 and a 200 day moving average price of $34.05.
An institutional investor recently raised its position in China Lodging Group stock. State of Wisconsin Investment Board raised its position in China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.07% of China Lodging Group worth $1,291,000 as of its most recent filing with the SEC.
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised 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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