Xact Kapitalforvaltning AB increased its stake in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 5.4% in the first quarter, HoldingsChannel.com reports. The firm owned 21,300 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Huazhu Group were worth $898,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Huazhu Group by 0.7% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,200 shares of the company’s stock worth $2,579,000 after purchasing an additional 400 shares during the period. Private Capital Group LLC grew its stake in shares of Huazhu Group by 715.2% during the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Huazhu Group by 533.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Huazhu Group by 16.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,858 shares of the company’s stock worth $197,000 after purchasing an additional 992 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Huazhu Group by 48.6% in the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock valued at $139,000 after acquiring an additional 1,088 shares during the period. 45.21% of the stock is owned by institutional investors and hedge funds.

Shares of HTHT stock traded down $0.87 on Wednesday, hitting $31.64. 35,005 shares of the stock were exchanged, compared to its average volume of 1,539,898. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $9.20 billion, a P/E ratio of 87.89, a P/E/G ratio of 2.84 and a beta of 1.74. Huazhu Group Ltd has a fifty-two week low of $24.90 and a fifty-two week high of $49.60.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.12). The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.85 earnings per share. Equities analysts expect that Huazhu Group Ltd will post 0.77 EPS for the current year.

A number of research analysts have issued reports on HTHT shares. BidaskClub cut Huazhu Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. ValuEngine cut Huazhu Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research cut Huazhu Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 1st. Morgan Stanley cut Huazhu Group from an “equal weight” rating to an “underweight” rating in a research note on Sunday, March 17th. Finally, TheStreet cut Huazhu Group from a “b-” rating to a “c+” rating in a research note on Friday, June 7th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.20.

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Huazhu Group Profile

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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Institutional Ownership by Quarter for Huazhu Group (NASDAQ:HTHT)

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