Huazhu Group (NASDAQ:HTHT) Shares Down 5.3%

Huazhu Group Limited (NASDAQ:HTHTGet Rating)’s stock price was down 5.3% during mid-day trading on Thursday . The stock traded as low as $30.13 and last traded at $30.51. Approximately 23,773 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,986,777 shares. The stock had previously closed at $32.22.

Several equities research analysts have recently weighed in on HTHT shares. Bank of America increased their price target on Huazhu Group from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Credit Suisse Group upgraded Huazhu Group from a “neutral” rating to an “outperform” rating in a report on Friday, March 25th. TheStreet downgraded Huazhu Group from a “c-” rating to a “d+” rating in a report on Friday, March 11th. Zacks Investment Research downgraded Huazhu Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Finally, StockNews.com initiated coverage on Huazhu Group in a report on Thursday, March 31st. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Huazhu Group presently has a consensus rating of “Buy” and a consensus target price of $57.35.

The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 0.57. The firm has a market cap of $9.77 billion, a P/E ratio of -124.58 and a beta of 1.33. The firm has a 50-day simple moving average of $35.11 and a 200-day simple moving average of $39.37.

Huazhu Group (NASDAQ:HTHTGet Rating) last announced its earnings results on Wednesday, March 23rd. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.55). Huazhu Group had a negative net margin of 3.68% and a negative return on equity of 4.17%. During the same period in the prior year, the firm posted $0.33 EPS. Research analysts predict that Huazhu Group Limited will post -0.04 earnings per share for the current fiscal year.

The firm also recently disclosed a None dividend, which was paid on Thursday, April 21st. Stockholders of record on Thursday, March 24th were given a $0.40 dividend. The ex-dividend date was Wednesday, March 23rd. Huazhu Group’s payout ratio is -79.16%.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its position in Huazhu Group by 53.6% during the 4th quarter. Advisors Asset Management Inc. now owns 800 shares of the company’s stock worth $30,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Huazhu Group by 17.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,557 shares of the company’s stock valued at $72,000 after buying an additional 230 shares during the last quarter. Krane Funds Advisors LLC raised its stake in shares of Huazhu Group by 76.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 1,566 shares of the company’s stock valued at $72,000 after buying an additional 679 shares during the last quarter. Signaturefd LLC raised its stake in shares of Huazhu Group by 96.8% during the 3rd quarter. Signaturefd LLC now owns 1,915 shares of the company’s stock valued at $88,000 after buying an additional 942 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Huazhu Group by 20.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,996 shares of the company’s stock valued at $75,000 after buying an additional 342 shares during the last quarter. 49.59% of the stock is owned by institutional investors.

Huazhu Group Company Profile (NASDAQ:HTHT)

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, oya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, and Grand Mercure.

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