China Lodging Group Ltd. (HTHT) Downgraded by Zacks Investment Research to Hold
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. “
A number of other analysts have also commented on the company. Morgan Stanley lowered China Lodging Group from an overweight rating to an equal weight rating and boosted their target price for the company from $36.20 to $40.00 in a research report on Wednesday, August 17th. Brean Capital boosted their target price on China Lodging Group from $44.00 to $48.00 and gave the company a buy rating in a research report on Wednesday, August 17th.
China Lodging Group (NASDAQ:HTHT) traded up 0.04% during mid-day trading on Wednesday, hitting $45.51. The stock had a trading volume of 38,554 shares. China Lodging Group has a 1-year low of $25.42 and a 1-year high of $48.14. The firm’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.
A number of hedge funds have recently modified their holdings of HTHT. Advisors Asset Management Inc. raised its stake in shares of China Lodging Group by 2.7% in the second quarter. Advisors Asset Management Inc. now owns 7,541 shares of the company’s stock worth $275,000 after buying an additional 199 shares in the last quarter. Barclays PLC raised its stake in shares of China Lodging Group by 0.5% in the second quarter. Barclays PLC now owns 51,045 shares of the company’s stock worth $1,860,000 after buying an additional 241 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of China Lodging Group by 3.9% in the third quarter. Nordea Investment Management AB now owns 36,261 shares of the company’s stock worth $1,635,000 after buying an additional 1,361 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of China Lodging Group during the second quarter worth approximately $107,000. Finally, Invictus RG bought a new stake in shares of China Lodging Group during the first quarter worth approximately $129,000. 38.41% of the stock is owned by hedge funds and other institutional investors.
China Lodging Group 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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