Point72 Asia Hong Kong LTD Position in China Lodging Group LTD (HTHT) Has Trimmed by $11.20 Million

May 18, 2018 - By Margarite Burden

Steve Cohen decreased its stake in China Lodging Group Ltd (HTHT) by 55.17% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd sold 77,769 shares as the company’s stock declined 10.81% with the market. The hedge fund run by Steve Cohen held 63,195 shares of the consumer services company at the end of 2017Q4, valued at $9.13M, down from 140,964 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in China Lodging Group Ltd for a number of months, seems to be less bullish one the $12.39B market cap company. The stock decreased 0.86% or $1.48 during the last trading session, reaching $170.11. About 730,894 shares traded or 37.06% up from the average. China Lodging Group, Limited (NASDAQ:HTHT) has risen 98.12% since May 18, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.

Point72 Asia Hong Kong Ltd, which manages about $130.86M US Long portfolio, upped its stake in Baozun Inc by 404,646 shares to 489,646 shares, valued at $15.45 million in 2017Q4, according to the filing.

More recent China Lodging Group, Limited (NASDAQ:HTHT) news were published by: Globenewswire.com which released: “China Lodging Group, Limited Reports First Quarter of 2018 Financial Results” on May 14, 2018. Also Globenewswire.com published the news titled: “China Lodging Group, Limited Announces ADS Ratio Change” on April 20, 2018. Seekingalpha.com‘s news article titled: “China Lodging Group’s (HTHT) CEO Min Zhang on Q1 2018 Results – Earnings Call Transcript” with publication date: May 15, 2018 was also an interesting one.

China Lodging Group, Limited (NASDAQ:HTHT) Ratings Coverage

Among 2 analysts covering China Lodging (NASDAQ:HTHT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. China Lodging had 3 analyst reports since March 12, 2018 according to SRatingsIntel.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: