Huazhu Group (HTHT) Downgraded by Zacks Investment Research

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Zacks Investment Research lowered shares of Huazhu Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Huazhu Group Limited is a hotel operator and franchisor primarily in China. It primary focus on economy and midscale hotel segments,China Lodging Group’s brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing PremiumHotel, JI Hotel, Starway Hotel, Joya Hotel, VUE Hotel, Crystal Orange Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The Company’s busines includes leased and owned, manachised and franchised models. Lease and ownership model, the Company directly operateshotels typically located on leased or owned properties. Manachise model, the Company manages manachised hotels through the on-site hotel managers. Franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu Group Limited, formerly known as China Lodging Group Ltd., is based in Shanghai, China. “

Other equities research analysts have also recently issued reports about the stock. China International Capital cut shares of Huazhu Group from a buy rating to a hold rating in a research report on Monday, May 6th. China Renaissance Securities reiterated a hold rating on shares of Huazhu Group in a research report on Monday, May 6th. JPMorgan Chase & Co. cut shares of Huazhu Group from an overweight rating to a neutral rating in a research report on Tuesday, April 30th. ValuEngine cut shares of Huazhu Group from a buy rating to a hold rating in a research report on Monday, April 1st. Finally, Daiwa Capital Markets cut shares of Huazhu Group from an outperform rating to an underperform rating in a research report on Monday, May 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $42.67.

Shares of HTHT opened at $34.52 on Friday. Huazhu Group has a 1-year low of $24.90 and a 1-year high of $49.60. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 95.89, a P/E/G ratio of 1.90 and a beta of 1.54. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 1.39.

Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). Huazhu Group had a net margin of 7.16% and a return on equity of 15.82%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $3.55 earnings per share. As a group, equities research analysts predict that Huazhu Group will post 1.11 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Huazhu Group by 10.9% in the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the company’s stock valued at $100,000 after purchasing an additional 324 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Huazhu Group by 0.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 61,200 shares of the company’s stock valued at $2,579,000 after purchasing an additional 400 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Huazhu Group by 6.8% in the first quarter. Advisors Asset Management Inc. now owns 7,253 shares of the company’s stock valued at $306,000 after purchasing an additional 463 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in shares of Huazhu Group in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 46.78% of the company’s stock.

Huazhu Group Company 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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