As of June 2017, China Lodging Group had 3,541 hotels with 359,530 rooms in operation across 369 cities.
Investors are a little more bearish on shares of the company recently considering the rise in short interest. The value of the investment in (HTHT) increased from $311,000 to $333,000 a change of 7.1% since the last quarter. Finally, First Trust Advisors LP increased its stake in China Lodging Group, Limited by 37.3% in the 1st quarter. World Asset Management Inc now owns 4,299 shares of the company's stock worth $267,000 after buying an additional 101 shares during the period. World Asset Management Inc bought a new position in China Lodging Group, Limited during the third quarter valued at about $203,000.
Jenny Zhang, CEO, China Lodging, said, "The partnership will draw on the strengths of China Lodging Group's visionary and experienced management team, market leadership through a multi-brand strategy, extensive hotel operations expertise and strong loyalty program and OYO's advanced technologies in the hospitality industry that enable transformation of hotel operations". If you are accessing this news story on another site, it was illegally copied and reposted in violation of worldwide trademark & copyright legislation. The original version of this piece of content can be viewed at https://weekherald.com/2017/09/17/china-lodging-group-limited-htht-shares-bought-by-geode-capital-management-llc.html.
Among 7 analysts covering China Lodging (NASDAQ:HTHT), 6 have Buy rating, 0 Sell and 1 Hold. With short interest at 687,527 and short average daily volume at 295,378, days to cover is 2.0 and the percentage of shorted shares is 0.01% as of August 15. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 35.14 and a beta of 1.42.
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Hotel aggregator OYO has raised a $10 million strategic investment from China Lodging Group, one of the largest hotel groups in China. The firm's 50 day moving average price is $107.48 and its 200 day moving average price is $81.47.
China Lodging Group, Limited (NASDAQ:HTHT) last posted its quarterly earnings results on Thursday, August 17th. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. China Lodging Group, Limited's quarterly revenue was up 20.1% compared to the same quarter previous year. During the same quarter in the previous year, the firm earned $4.67 earnings per share.
HTHT has been the topic of several recent analyst reports. Deutsche Bank upgraded the stock to "Buy" rating in Friday, December 30 report. Macquarie Research maintained China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) on Thursday, November 12 with "Outperform" rating. The company presently has an average rating of Buy and a consensus price target of $49.80.
As part of this, China Lodging Group is investing Dollars 10 million in OYO as a follow-on to OYO's recently announced Series D financing of USD 250 million led by Softbank Vision Fund. Around one-quarter of its hotels are operated via a lease and ownership model with the rest franchised or managed franchises. It already aggregates hotels from Malaysia and Nepal, and post the Series D round of funding Ritesh Agarwal, founder & CEO of OYO, had said that the company will deploy fresh capital to expand in global markets which have India-like supply-demand imbalance in real estate and hospitality. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees. Institutional investors and hedge funds own 38.04% of the company's stock.