Huazhu Group Ltd (HTHT) Shares Bought by Comerica Bank
Comerica Bank grew its stake in Huazhu Group Ltd (NASDAQ:HTHT) by 300.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,917 shares of the company’s stock after buying an additional 36,703 shares during the period. Comerica Bank’s holdings in Huazhu Group were worth $1,982,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HTHT. Mizuho Securities USA LLC acquired a new position in shares of Huazhu Group in the 2nd quarter valued at $155,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Huazhu Group by 135.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,297 shares of the company’s stock valued at $171,000 after buying an additional 745 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Huazhu Group by 93.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,605 shares of the company’s stock valued at $211,000 after buying an additional 776 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Huazhu Group in the 2nd quarter valued at $225,000. Finally, Natixis acquired a new position in shares of Huazhu Group in the 1st quarter valued at $270,000. Institutional investors and hedge funds own 26.37% of the company’s stock.
HTHT has been the subject of several research analyst reports. ValuEngine cut shares of Huazhu Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Morgan Stanley initiated coverage on shares of Huazhu Group in a report on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Huazhu Group from $45.50 to $53.00 and gave the company an “overweight” rating in a report on Friday, June 1st. BidaskClub upgraded shares of Huazhu Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Finally, Daiwa Capital Markets upgraded shares of Huazhu Group from a “neutral” rating to a “buy” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.85.
About Huazhu Group
Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.
Recommended Story: Investing in Growth Stocks
Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huazhu Group Ltd (NASDAQ:HTHT).
Receive News & Ratings for Huazhu Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huazhu Group and related companies with MarketBeat.com's FREE daily email newsletter.