Huazhu Group (NASDAQ:HTHT) issued its quarterly earnings results on Thursday. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04), Morningstar.com reports. The business had revenue of $402.97 million during the quarter. Huazhu Group had a net margin of 12.58% and a return on equity of 23.00%. Huazhu Group updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
Shares of NASDAQ HTHT traded up $0.97 during trading on Friday, hitting $29.56. 1,126,807 shares of the company traded hands, compared to its average volume of 1,757,822. Huazhu Group has a 1 year low of $24.90 and a 1 year high of $49.60. The stock has a market capitalization of $7.91 billion, a PE ratio of 45.48 and a beta of 1.75. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.19.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mizuho Securities USA LLC purchased a new stake in shares of Huazhu Group during the 2nd quarter valued at $155,000. Guggenheim Capital LLC grew its stake in shares of Huazhu Group by 29.0% during the 1st quarter. Guggenheim Capital LLC now owns 4,684 shares of the company’s stock valued at $617,000 after buying an additional 1,053 shares during the period. Wrapmanager Inc. purchased a new stake in Huazhu Group during the 2nd quarter worth $205,000. Tower Research Capital LLC TRC purchased a new stake in Huazhu Group during the 2nd quarter worth $207,000. Finally, Marietta Investment Partners LLC purchased a new stake in Huazhu Group during the 2nd quarter worth $218,000. 36.36% of the stock is owned by institutional investors.
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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