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Oyo raises $10 million strategic funding from China Lodging Group

17 September 2017

Several other hedge funds and other institutional investors have also recently modified their holdings of HTHT. The value of the investment in (HTHT) increased from $311,000 to $333,000 a change of 7.1% since the last quarter. The institutional investor held 282,289 shares of the consumer services company at the end of 2016Q4, valued at $14.63M, up from 251,235 at the end of the previous reported quarter. More interesting news about China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) were released by: Marketwatch.com and their article: "113.97" published on October 08, 2010 as well as Seekingalpha.com's news article titled: "A Safe Short For 2016" with publication date: February 13, 2016. GRATRY & Co LLC bought a new position in China Lodging Group, Limited during the third quarter valued at about $230,000. 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. Finally, Oppenheimer Asset Management Inc. bought a new stake in China Lodging Group, Limited in the 1st quarter valued at $298,000.

Chinese hotel operator China Lodging Group has signed a Memorandum of Understanding to invest $10 million as equity in hospitality firm Oyo Rooms, claiming a less-than 5-percent stake. If you are reading this piece on another domain, it was stolen and reposted in violation of US and worldwide trademark and copyright law. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/09/17/china-lodging-group-limited-htht-is-prudence-asset-management-ltds-7th-largest-position.html.

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Among 7 analysts covering China Lodging (NASDAQ:HTHT), 6 have Buy rating, 0 Sell and 1 Hold. 553,739 shares of the stock traded hands. Davis Capital Partners Llc who had been investing in Bofi Hldg Inc for a number of months, seems to be bullish on the $1.68 billion market cap company.

Short traders are feeling a little more bearish on China Lodging Group, Limited - lately if you take into consideration the increase in short interest. As of the last earnings report the EPS was $2.02 and is estimated to be $2.87 for the current year with 69,775,000 shares now outstanding. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. China Lodging operates over 3,500 hotels across some 369 cities in China - 700 of which were opened past year alone. During the same quarter in the previous year, the firm earned $4.67 earnings per share. BidaskClub cut shares of China Lodging Group, Limited from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 5th. The stock of China Lodging Group, Ltd (ADR) (NASDAQ:HTHT) has "Buy" rating given on Wednesday, August 17 by Brean Capital. China Lodging Group, Limited presently has a consensus rating of "Buy" and an average price target of $81.71. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Shares of the company are trading at $112.39 which is marginally higher than the 50 day moving average which is $106.95 and which is significantly higher than the 200 day moving average of $81.08.

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China Lodging and OYO will also discuss collaboration in a variety of other areas of mutual interests pursuant to the MoU. The hotels include leased and owned, manachised and franchised properties, mostly in the economy and mid-scale hotel segments. The company will also utilize capital to export its business model to worldwide markets with a similar supply-demand imbalance in real estate and hospitality. 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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Oyo raises $10 million strategic funding from China Lodging Group