The stock is trading at $133.89 which is slightly above the 50 day moving average which is $125.67 and much higher than the 200 day moving average of $97.01. The 50 day moving average was up by +6.54% and the 200 day average moved up $36.88. China Lodging Group, Limited – shares had a trading volume of 553K in the last trading session. Shares saw a steep increase in trading volume of 24.38% over the normal average daily volume.
Traders are more bullish on shares of the company lately if you take into consideration the fall in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -3.26%. Short interest fell 16,538 over that period. With short interest at 490,569 and short average daily volume at 350,804, days to cover is 1.0 and the percentage of shorted shares is 0.01% as of October 13.
These firms have modified their investment in HTHT. As of quarter end Pictet Asset Management Ltd had disposed of 74,090 shares trimming its holdings by 30.9%. The value of the company’s investment in China Lodging Group, Limited – went from $18,328,000 to $19,701,000 a change of 7.5% for the reporting period. Aperio Group, LLC downsized its ownership by selling 6 shares a decrease of 0.1% from 06/30/2017 to 09/30/2017. Aperio Group, LLC now controls 8,153 shares worth $969,000. The total value of its holdings increased 47.3%.
Cornerstone Advisors, Inc. cut its investment by shedding 190 shares a decrease of 32.9% as of 09/30/2017. Cornerstone Advisors, Inc. controls 387 shares valued at $46,000. The value of the position overall is down by 2.1%. Simplex Trading, LLC trimmed its stake by shedding 3,844 shares a decrease of 66.9%. Simplex Trading, LLC now holds 1,898 shares with a value of $225,000. The value of the position overall is down by 51.4%.
On August 18 Bank of America kept the stock rating at “Buy” and moved up the price target from $31.50 to $115.00.
The company is so far trading up by 4.06% percent from yesterday’s close. The company also recently announced a dividend for shareholders which will be paid on Friday the 15th of December 2017. The dividend payment will be $0.160 per share for the quarter or $0.64 annualized. This dividend represents a yield of $0.49 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday the 28th of December 2015.
The company’s P/E ratio is 66.58 and the market cap of the company is 9.34B. As of the last earnings report the EPS was $2.01 and is expected to be $2.84 for the current year with 69,775,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.54 with next year’s EPS anticipated to be $3.87.
China Lodging Group, Limited, launched on January 4, 2007, 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 onsite hotel managers the Company appoints and collects fees from franchisees. Under the franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees. The Company has approximately 620 leased hotels; over 2,070 manachised hotels and approximately 80 franchised hotels in operation and over 20 leased hotels and approximately 660 manachised and franchised hotels under development. The Company offers approximately seven hotel brands that focus on various segments of customers: Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, Elan Hotel, HanTing Hotel and Hi Inn..