Zacks Investment Research Downgrades China Lodging Group, Limited (HTHT) to Hold

Zacks Investment Research lowered shares of China Lodging Group, Limited (NASDAQ:HTHT) from a strong-buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People’s Republic of China. “

Several other research analysts have also issued reports on the company. Bank of America Corporation increased their target price on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a buy rating in a research report on Friday, August 18th. BidaskClub raised China Lodging Group, Limited from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. China Lodging Group, Limited has a consensus rating of Buy and an average target price of $81.71.

Shares of China Lodging Group, Limited (HTHT) opened at 134.52 on Tuesday. The firm has a market cap of $9.39 billion, a PE ratio of 65.78 and a beta of 1.61. The firm has a 50-day moving average price of $121.91 and a 200-day moving average price of $93.05. China Lodging Group, Limited has a 52 week low of $41.69 and a 52 week high of $138.44.

China Lodging Group, Limited (NASDAQ:HTHT) last announced its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.20. China Lodging Group, Limited had a return on equity of 17.26% and a net margin of 13.69%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $4.67 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that China Lodging Group, Limited will post $2.81 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of China Lodging Group, Limited by 216.6% in the 2nd quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock worth $101,000 after buying an additional 888 shares during the last quarter. US Bancorp DE grew its stake in shares of China Lodging Group, Limited by 12.5% in the 1st quarter. US Bancorp DE now owns 2,480 shares of the company’s stock worth $154,000 after buying an additional 275 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in shares of China Lodging Group, Limited in the 2nd quarter worth approximately $218,000. Profund Advisors LLC purchased a new stake in shares of China Lodging Group, Limited in the 2nd quarter worth approximately $257,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of China Lodging Group, Limited in the 2nd quarter worth approximately $355,000. 38.04% of the stock is owned by hedge funds and other institutional investors.

China Lodging Group, Limited Company Profile

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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