Allspring Global Investments Holdings LLC Reduces Position in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,862,247 shares of the company’s stock after selling 293,196 shares during the quarter. Allspring Global Investments Holdings LLC owned 4.79% of GreenTree Hospitality Group worth $11,767,000 as of its most recent filing with the SEC.

GreenTree Hospitality Group Stock Down 10.7%

Shares of NYSE GHG opened at $2.18 on Friday. GreenTree Hospitality Group Ltd. Sponsored ADR has a 1 year low of $1.93 and a 1 year high of $3.40. The firm has a market cap of $221.31 million, a price-to-earnings ratio of 5.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s 50-day simple moving average is $2.06 and its 200-day simple moving average is $2.36.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The firm had revenue of $41.71 million during the quarter, compared to analyst estimates of $48.24 million. GreenTree Hospitality Group had a return on equity of 7.51% and a net margin of 8.67%.

GreenTree Hospitality Group Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.