China Lodging Group Ltd. (HTHT) Rating Reiterated by Brean Capital
China Lodging Group Ltd. (NASDAQ:HTHT)‘s stock had its “buy” rating reaffirmed by stock analysts at Brean Capital in a research note issued to investors on Friday. They presently have a $52.00 price objective on the stock, up from their prior price objective of $48.00. Brean Capital’s price objective would indicate a potential upside of 13.54% from the company’s current price.
A number of other equities analysts also recently commented on HTHT. Zacks Investment Research downgraded China Lodging Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Morgan Stanley downgraded China Lodging Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $36.20 to $40.00 in a report on Wednesday, August 17th.
Shares of China Lodging Group (NASDAQ:HTHT) opened at 45.80 on Friday. China Lodging Group has a 12-month low of $25.42 and a 12-month high of $48.14. The stock has a 50 day moving average price of $45.10 and a 200 day moving average price of $40.57.
Large investors have recently made changes to their positions in the stock. Granite Point Capital Management L.P. bought a new stake in shares of China Lodging Group during the second quarter valued at approximately $600,000. Emerald Acquisition Ltd. bought a new stake in shares of China Lodging Group during the second quarter valued at approximately $5,245,000. Quantbot Technologies LP bought a new stake in shares of China Lodging Group during the second quarter valued at approximately $107,000. Bank of New York Mellon Corp increased its stake in shares of China Lodging Group by 1,550.0% in the second quarter. Bank of New York Mellon Corp now owns 203,213 shares of the company’s stock valued at $7,402,000 after buying an additional 190,897 shares during the last quarter. Finally, Henderson Group PLC bought a new stake in shares of China Lodging Group during the second quarter valued at approximately $17,079,000. Institutional investors and hedge funds own 36.79% of the company’s stock.
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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