Jenny Zhang, CEO, China Lodging, said, "The partnership will draw on the strengths of China Lodging Group's visionary and experienced management team, market leadership through a multi-brand strategy, extensive hotel operations expertise and strong loyalty program and OYO's advanced technologies in the hospitality industry that enable transformation of hotel operations". China Lodging Group, Limited has a one year low of $25.55 and a one year high of $59.20. Sei Investments Co.'s holdings in China Lodging Group, Limited were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. World Asset Management Inc now owns 4,299 shares of the company's stock valued at $267,000 after purchasing an additional 101 shares during the period. The stock's 50 day moving average price is $105.93 and its 200 day moving average price is $80.61. Invictus RG now owns 5,017 shares of the company's stock worth $311,000 after buying an additional 3,426 shares during the last quarter. China Lodging Group, Limited has a consensus rating of "Buy" and a consensus target price of $81.71. The firm has a market cap of $7.98 billion, a P/E ratio of 56.55 and a beta of 1.65. Oppenheimer Asset Management Inc. acquired a new position in shares of China Lodging Group, Limited in the first quarter valued at about $298,000.
Shares of China Lodging Group, Limited (NASDAQ:HTHT) opened at 55.38 on Friday. Finally, Invictus RG boosted its stake in shares of China Lodging Group, Limited by 215.3% in the first quarter. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. The company's revenue for the quarter was up 20.1% on a year-over-year basis.
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There's no mention of OYO expanding its network of hotels by aggregating China Lodging Group's hotels on its platform, but that would be the natural progression for the company. The hotels include leased and owned, manachised and franchised properties, mostly in the economy and mid-scale hotel segments.
Want to see what other hedge funds are holding HTHT? 24% of the rooms are under the lease and ownership model, while 76% are under the manachise and franchise model.
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