GreenTree Hospitality Group Ltd – (NYSE:GHG) Shares Purchased by Dalton Investments LLC

Dalton Investments LLC raised its stake in shares of GreenTree Hospitality Group Ltd – (NYSE:GHG) by 33.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 825,901 shares of the company’s stock after purchasing an additional 208,978 shares during the period. GreenTree Hospitality Group accounts for 4.9% of Dalton Investments LLC’s portfolio, making the stock its 7th largest position. Dalton Investments LLC’s holdings in GreenTree Hospitality Group were worth $10,737,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. TT International acquired a new position in GreenTree Hospitality Group during the second quarter worth approximately $147,000. State of New Jersey Common Pension Fund D grew its stake in GreenTree Hospitality Group by 28.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 91,000 shares of the company’s stock worth $1,183,000 after buying an additional 20,000 shares during the period. Wells Fargo & Company MN grew its stake in GreenTree Hospitality Group by 1.3% during the second quarter. Wells Fargo & Company MN now owns 3,088,745 shares of the company’s stock worth $40,154,000 after buying an additional 38,200 shares during the period. Renaissance Technologies LLC grew its stake in GreenTree Hospitality Group by 2.0% during the second quarter. Renaissance Technologies LLC now owns 271,197 shares of the company’s stock worth $3,526,000 after buying an additional 5,376 shares during the period. Finally, Atria Investments LLC purchased a new stake in GreenTree Hospitality Group during the second quarter worth approximately $766,000. 8.94% of the stock is owned by hedge funds and other institutional investors.

GHG has been the subject of several research reports. Goldman Sachs Group upgraded shares of GreenTree Hospitality Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $16.40 to $14.50 in a research note on Friday. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st.

GHG opened at $11.25 on Friday. GreenTree Hospitality Group Ltd – has a 52-week low of $9.50 and a 52-week high of $15.99. The company has a 50 day moving average of $10.90 and a two-hundred day moving average of $12.57. The company has a market cap of $1.12 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.77 and a beta of 1.59.

GreenTree Hospitality Group (NYSE:GHG) last announced its earnings results on Friday, August 16th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $40.05 million during the quarter. GreenTree Hospitality Group had a net margin of 46.29% and a return on equity of 24.60%. As a group, equities research analysts anticipate that GreenTree Hospitality Group Ltd – will post 0.79 EPS for the current year.

GreenTree Hospitality Group Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.

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Institutional Ownership by Quarter for GreenTree Hospitality Group (NYSE:GHG)

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