Advisors Asset Management Inc. Sells 3,955 Shares of China Lodging Group, Limited (HTHT)

Advisors Asset Management Inc. decreased its holdings in shares of China Lodging Group, Limited (NASDAQ:HTHT) by 52.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,583 shares of the company’s stock after selling 3,955 shares during the quarter. Advisors Asset Management Inc.’s holdings in China Lodging Group were worth $426,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in China Lodging Group by 65.7% during the second quarter. Principal Financial Group Inc. now owns 20,355 shares of the company’s stock valued at $1,642,000 after purchasing an additional 8,072 shares in the last quarter. Royal Bank of Canada raised its stake in China Lodging Group by 8.3% during the second quarter. Royal Bank of Canada now owns 10,947 shares of the company’s stock valued at $883,000 after purchasing an additional 838 shares in the last quarter. Stifel Financial Corp raised its stake in China Lodging Group by 11.5% during the second quarter. Stifel Financial Corp now owns 8,948 shares of the company’s stock valued at $725,000 after purchasing an additional 925 shares in the last quarter. Dorsey Wright & Associates raised its stake in China Lodging Group by 55.6% during the third quarter. Dorsey Wright & Associates now owns 79,356 shares of the company’s stock valued at $10,228,000 after purchasing an additional 28,365 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in China Lodging Group by 82.0% during the second quarter. Goldman Sachs Group Inc. now owns 341,114 shares of the company’s stock valued at $27,521,000 after purchasing an additional 153,646 shares in the last quarter. 37.18% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of China Lodging Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Benchmark upped their price target on shares of China Lodging Group from $128.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, Bank of America upped their price target on shares of China Lodging Group from $104.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.00.

Shares of China Lodging Group, Limited (NASDAQ HTHT) opened at $110.72 on Wednesday. China Lodging Group, Limited has a 12 month low of $45.61 and a 12 month high of $142.80. The firm has a market cap of $7,690.00, a price-to-earnings ratio of 46.15 and a beta of 1.53. The company has a quick ratio of 1.40, a current ratio of 1.41 and a debt-to-equity ratio of 0.57.

China Lodging Group (NASDAQ:HTHT) last announced its earnings results on Tuesday, November 28th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.01. China Lodging Group had a net margin of 14.95% and a return on equity of 19.55%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $4.28 earnings per share. The business’s revenue for the quarter was up 33.8% on a year-over-year basis. sell-side analysts expect that China Lodging Group, Limited will post 3.19 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 4th will be paid a $0.64 dividend. The ex-dividend date is Friday, December 1st.

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China Lodging Group Company Profile

China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.

Institutional Ownership by Quarter for China Lodging Group (NASDAQ:HTHT)

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