BT Investment Management Ltd lessened its stake in China Lodging Group, Ltd (NASDAQ:HTHT) by 26.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,867 shares of the company’s stock after selling 8,070 shares during the quarter. BT Investment Management Ltd’s holdings in China Lodging Group were worth $3,303,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Claraphi Advisory Network LLC acquired a new position in shares of China Lodging Group in the 4th quarter valued at about $261,000. US Bancorp DE lifted its holdings in shares of China Lodging Group by 7.6% in the 4th quarter. US Bancorp DE now owns 7,671 shares of the company’s stock valued at $1,108,000 after buying an additional 542 shares during the period. Parametrica Management Ltd acquired a new position in shares of China Lodging Group in the 4th quarter valued at about $1,281,000. Harvest Fund Management Co. Ltd acquired a new position in shares of China Lodging Group in the 4th quarter valued at about $2,889,000. Finally, SG Americas Securities LLC lifted its holdings in shares of China Lodging Group by 1.8% in the 4th quarter. SG Americas Securities LLC now owns 19,110 shares of the company’s stock valued at $2,760,000 after buying an additional 346 shares during the period. 36.86% of the stock is owned by institutional investors and hedge funds.
HTHT has been the subject of a number of analyst reports. BidaskClub raised China Lodging Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut China Lodging Group from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Finally, Benchmark upped their price target on China Lodging Group from $128.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. China Lodging Group has a consensus rating of “Buy” and a consensus price target of $105.60.
China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. China Lodging Group had a return on equity of 19.55% and a net margin of 14.95%. China Lodging Group’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.28 EPS. analysts forecast that China Lodging Group, Ltd will post 3.32 earnings per share for the current fiscal year.
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About China Lodging Group
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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