China Lodging Group LTD (HTHT) Position Maintained by Myriad Asset Management Ltd

July 27, 2018 - By Catherine Diaz

Myriad Asset Management Ltd increased its stake in China Lodging Group Ltd (HTHT) by 174.13% based on its latest 2018Q1 regulatory filing with the SEC. Myriad Asset Management Ltd bought 59,900 shares as the company’s stock rose 11.11% while stock markets declined. The institutional investor held 94,300 shares of the consumer services company at the end of 2018Q1, valued at $12.42 million, up from 34,400 at the end of the previous reported quarter. Myriad Asset Management Ltd who had been investing in China Lodging Group Ltd for a number of months, seems to be bullish on the $12.04 billion market cap company. The stock increased 0.32% or $0.13 during the last trading session, reaching $41.32. About 635,611 shares traded. Huazhu Group Limited (NASDAQ:HTHT) has risen 122.95% since July 27, 2017 and is uptrending. It has outperformed by 110.38% the S&P500.

Myriad Asset Management Ltd, which manages about $1.12 billion US Long portfolio, decreased its stake in Microchip Technology Inc (Prn) by 14.50M shares to 70.00M shares, valued at $124.26M in 2018Q1, according to the filing. It also reduced its holding in J2 Global Inc (Prn) by 42.00 million shares in the quarter, leaving it with 10.00 million shares, and cut its stake in Medicines Co (Prn).

Another recent and important Huazhu Group Limited (NASDAQ:HTHT) news was published by Seekingalpha.com which published an article titled: “Huazhu Group Limited, A Top Buy” on July 12, 2018.

Huazhu Group Limited (NASDAQ:HTHT) Ratings Coverage

Among 4 analysts covering China Lodging (NASDAQ:HTHT), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. China Lodging has $19000 highest and $50 lowest target. $117’s average target is 183.16% above currents $41.32 stock price. China Lodging had 5 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of Huazhu Group Limited (NASDAQ:HTHT) has “Overweight” rating given on Friday, June 1 by JP Morgan.

Huazhu Group Limited (NASDAQ:HTHT) Ratings Chart

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