Huazhu Group (HTHT) Hits New 52-Week Low at $25.24

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Huazhu Group Ltd (NASDAQ:HTHT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.24 and last traded at $27.04, with a volume of 49969 shares trading hands. The stock had previously closed at $26.13.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered Huazhu Group from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Goldman Sachs Group raised Huazhu Group from a “neutral” rating to a “buy” rating in a research note on Monday, September 24th. Deutsche Bank lowered Huazhu Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $25.00 in a research note on Monday, September 10th. Zacks Investment Research raised Huazhu Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, Daiwa Capital Markets raised Huazhu Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.88.

The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 43.60 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.45 and a quick ratio of 1.45.

Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Huazhu Group had a return on equity of 23.00% and a net margin of 12.58%. The company had revenue of $381.03 million for the quarter. On average, analysts anticipate that Huazhu Group Ltd will post 0.74 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Mizuho Securities USA LLC purchased a new position in shares of Huazhu Group during the 2nd quarter worth $155,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Huazhu Group by 135.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock worth $171,000 after purchasing an additional 745 shares during the period. Wrapmanager Inc. purchased a new position in shares of Huazhu Group during the 2nd quarter worth $205,000. Tower Research Capital LLC TRC purchased a new position in shares of Huazhu Group during the 2nd quarter worth $207,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Huazhu Group by 93.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,605 shares of the company’s stock worth $211,000 after purchasing an additional 776 shares during the period. 37.57% of the stock is currently owned by institutional investors.

About Huazhu Group (NASDAQ:HTHT)

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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