National Bank of Canada FI Purchases New Position in Huazhu Group Limited (NASDAQ:HTHT)

National Bank of Canada FI acquired a new stake in Huazhu Group Limited (NASDAQ:HTHTGet Rating) during the first quarter, HoldingsChannel reports. The firm acquired 55,700 shares of the company’s stock, valued at approximately $1,795,000.

A number of other institutional investors also recently bought and sold shares of the business. abrdn plc increased its stake in shares of Huazhu Group by 2.5% during the first quarter. abrdn plc now owns 18,275 shares of the company’s stock worth $594,000 after acquiring an additional 441 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Huazhu Group by 31.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,784 shares of the company’s stock worth $95,000 after acquiring an additional 662 shares during the period. Signaturefd LLC increased its stake in shares of Huazhu Group by 60.5% during the first quarter. Signaturefd LLC now owns 3,816 shares of the company’s stock worth $126,000 after acquiring an additional 1,439 shares during the period. SG Americas Securities LLC increased its stake in shares of Huazhu Group by 47.8% during the first quarter. SG Americas Securities LLC now owns 73,758 shares of the company’s stock worth $2,433,000 after acquiring an additional 23,858 shares during the period. Finally, WT Asset Management Ltd acquired a new position in shares of Huazhu Group during the first quarter worth about $14,491,000. 48.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price target on Huazhu Group from $50.00 to $40.00 in a research note on Tuesday, May 31st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.25.

Huazhu Group Stock Performance

Shares of HTHT stock opened at $39.76 on Friday. The stock has a fifty day moving average price of $36.21 and a 200 day moving average price of $34.96. The stock has a market cap of $12.80 billion, a PE ratio of -90.36 and a beta of 1.05. Huazhu Group Limited has a 1 year low of $21.98 and a 1 year high of $52.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.55 and a current ratio of 0.56.

Huazhu Group (NASDAQ:HTHTGet Rating) last issued its quarterly earnings data on Monday, May 30th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.04. The firm had revenue of $423.00 million during the quarter, compared to analysts’ expectations of $410.21 million. Huazhu Group had a negative return on equity of 7.82% and a negative net margin of 6.53%. Sell-side analysts forecast that Huazhu Group Limited will post 0.08 earnings per share for the current fiscal year.

Huazhu Group Profile

(Get Rating)

Huazhu Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, and Grand Mercure.

See Also

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

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