Evanston Investments Inc. dba Evanston Advisors acquired a new position in China Lodging Group, Limited (NASDAQ:HTHT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,698 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in China Lodging Group, Limited by 65.7% in the second quarter. Principal Financial Group Inc. now owns 20,355 shares of the company’s stock worth $1,642,000 after buying an additional 8,072 shares during the last quarter. Veritas Asset Management LLP purchased a new stake in China Lodging Group, Limited during the second quarter worth approximately $807,000. Ariose Capital Management Ltd purchased a new stake in China Lodging Group, Limited during the second quarter worth approximately $58,485,000. American Century Companies Inc. increased its stake in China Lodging Group, Limited by 11.2% in the second quarter. American Century Companies Inc. now owns 357,274 shares of the company’s stock worth $28,825,000 after buying an additional 35,941 shares during the last quarter. Finally, Comerica Bank increased its stake in China Lodging Group, Limited by 647.8% in the second quarter. Comerica Bank now owns 29,606 shares of the company’s stock worth $2,812,000 after buying an additional 25,647 shares during the last quarter. Institutional investors and hedge funds own 38.05% of the company’s stock.

Shares of China Lodging Group, Limited (HTHT) traded up 1.660% during mid-day trading on Thursday, reaching $113.615. The company had a trading volume of 71,214 shares. China Lodging Group, Limited has a 52-week low of $41.69 and a 52-week high of $118.00. The company’s 50-day moving average is $97.54 and its 200 day moving average is $75.81. The stock has a market capitalization of $7.93 billion, a P/E ratio of 56.807 and a beta of 1.71.

China Lodging Group, Limited (NASDAQ:HTHT) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.20. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.67 earnings per share. Analysts anticipate that China Lodging Group, Limited will post $2.77 EPS for the current fiscal year.

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A number of research firms have recently commented on HTHT. Bank of America Corporation upped their price objective on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a report on Wednesday, July 26th. BidaskClub upgraded China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Macquarie downgraded China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $66.00 to $72.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $90.00 price objective (up from $78.00) on shares of China Lodging Group, Limited in a report on Wednesday, May 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.71.

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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