First Trust Advisors LP Has $2.77 Million Stake in Huazhu Group Ltd (HTHT)
First Trust Advisors LP grew its position in Huazhu Group Ltd (NASDAQ:HTHT) by 153.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,847 shares of the company’s stock after purchasing an additional 39,910 shares during the period. First Trust Advisors LP’s holdings in Huazhu Group were worth $2,765,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Mizuho Securities USA LLC purchased a new stake in shares of Huazhu Group in the second quarter valued at about $155,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Huazhu Group by 135.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock valued at $171,000 after purchasing an additional 745 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Huazhu Group by 93.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,605 shares of the company’s stock valued at $211,000 after purchasing an additional 776 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Huazhu Group in the second quarter valued at about $225,000. Finally, Natixis purchased a new stake in shares of Huazhu Group in the first quarter valued at about $270,000. Institutional investors own 37.56% of the company’s stock.
NASDAQ HTHT opened at $31.36 on Friday. Huazhu Group Ltd has a 52-week low of $25.67 and a 52-week high of $49.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $9.12 billion, a P/E ratio of 48.25 and a beta of 1.59.
Several analysts have recently commented on HTHT shares. ValuEngine downgraded shares of Huazhu Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Morgan Stanley started coverage on shares of Huazhu Group in a report on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Huazhu Group from $45.50 to $53.00 and gave the company an “overweight” rating in a report on Friday, June 1st. BidaskClub downgraded shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Huazhu Group from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.85.
About Huazhu Group
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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