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Allspring Global Investments Holdings LLC lowered its stake in GreenTree Hotels Group, Inc. (NYSE:GHG – Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund holds 5,488,211 shares of the company’s stock after selling 21,471 shares during the period. Allspring Global Investments Holdings LLC held approximately 5.37% of GreenTree Inn & Suites’ shares worth $20,636,000 at the end of the most recent quarter.
Other institutional investors have also recently adjusted their holdings in the company. Camelot Portfolios LLC purchased a new stake in shares of GreenTree Inn & Suites during the fourth quarter valued at $49,000. Envestnet Asset Management Inc. increased its holdings of GreenTree Hotel Group shares by 17.2% in the second quarter. Envestnet Asset Management Inc. now owns 18,621 shares of the company’s stock valued at $77,000 after purchasing an additional 2,726 shares during the last quarter. Norges Bank purchased a new position in shares of GreenTree Hotels Group during the fourth quarter valued at $188,000. JPMorgan Chase increased its holdings of GreenTree Hotel Group by 300,895.2% in the first quarter. JPMorgan Chase & Co. now owns 63,209 shares of the company’s stock valued at $317,000 after purchasing an additional 63,188 shares during the last quarter. Finally, Sei Investments Co. purchased $1,907,000 in new shares of GreenTree Hotels Group in the second quarter. Institutional investors hold 8.05% of the company’s shares.
GreenTree Hotels Group shares rose 0.7%
NYSE:GHG opened at $3.06 on Friday. The company’s 50-day moving average price is $3.13 and its 200-day moving average price is $3.64. GreenTree Hospitality Group Ltd. has a one-year low of $2.91 and a one-year high of $6.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.21, and a quick ratio of 1.20.
GreenTree Hotels Group (NYSE:GHG – Get Free Report ) last reported quarterly earnings data on Monday, March 25th. The company had earnings per share (EPS) of $0.01 for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $52.42 million in the quarter, compared with analysts’ expectations of $57.94 million. As a group, analysts expect GreenTree Hotels Group Ltd. to post 0.35 earnings per share for the year.
About GreenTree Hotels Group
(free report)
GreenTree Inn Hotel Group Co., Ltd., through its subsidiaries, develops leased and operated as well as franchised and managed hotels in the People’s Republic of China under the GreenTree Inn brand. It also engages in investment holding activities; and provides information technology services. The company was founded in 2004 and is headquartered in Shanghai, People’s Republic of China.
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