China Lodging Group, Limited (HTHT) Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of China Lodging Group, Limited (NASDAQ:HTHT) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,257 shares of the company’s stock after buying an additional 454 shares during the period. Oppenheimer Asset Management Inc.’s holdings in China Lodging Group, Limited were worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HTHT. Wells Fargo & Company MN boosted its holdings in shares of China Lodging Group, Limited by 25.7% during the 1st quarter. Wells Fargo & Company MN now owns 276,400 shares of the company’s stock worth $17,153,000 after buying an additional 56,476 shares during the period. First Trust Advisors LP boosted its holdings in shares of China Lodging Group, Limited by 37.3% during the 1st quarter. First Trust Advisors LP now owns 25,230 shares of the company’s stock worth $1,566,000 after buying an additional 6,855 shares during the period. US Bancorp DE boosted its holdings in shares of China Lodging Group, Limited by 12.5% during the 1st quarter. US Bancorp DE now owns 2,480 shares of the company’s stock worth $154,000 after buying an additional 275 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of China Lodging Group, Limited by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 237,810 shares of the company’s stock worth $14,757,000 after buying an additional 9,505 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of China Lodging Group, Limited by 2.4% during the 1st quarter. World Asset Management Inc now owns 4,299 shares of the company’s stock worth $267,000 after buying an additional 101 shares during the period. 38.04% of the stock is owned by institutional investors and hedge funds.

China Lodging Group, Limited (HTHT) opened at 111.63 on Friday. The firm has a market capitalization of $7.79 billion, a PE ratio of 55.21 and a beta of 1.65. China Lodging Group, Limited has a 1-year low of $41.69 and a 1-year high of $118.00. The company’s 50-day moving average is $107.48 and its 200 day moving average is $81.47.

China Lodging Group, Limited (NASDAQ:HTHT) last released its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.20. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $4.67 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, equities analysts expect that China Lodging Group, Limited will post $2.83 EPS for the current fiscal year.

HTHT has been the subject of several recent analyst reports. BidaskClub downgraded shares of China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Bank of America Corporation upped their price objective on shares of China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research downgraded shares of China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $81.71.

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About China Lodging Group, Limited

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.

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

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