Wells Fargo & Company MN lifted its holdings in GreenTree Hospitality Group Ltd – (NYSE:GHG) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,541,226 shares of the company’s stock after purchasing an additional 224,026 shares during the quarter. Wells Fargo & Company MN owned 2.50% of GreenTree Hospitality Group worth $45,970,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GHG. SeaTown Holdings Pte. Ltd. purchased a new position in GreenTree Hospitality Group during the 1st quarter worth $3,182,000. Thornburg Investment Management Inc. acquired a new stake in GreenTree Hospitality Group during the 1st quarter worth about $956,000. Crestwood Capital Management L.P. acquired a new stake in GreenTree Hospitality Group during the 1st quarter worth about $1,275,000. Federated Investors Inc. PA acquired a new stake in GreenTree Hospitality Group during the 1st quarter worth about $14,344,000. Finally, Matthews International Capital Management LLC acquired a new stake in GreenTree Hospitality Group during the 1st quarter worth about $4,883,000. 10.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of GHG opened at $14.57 on Friday. GreenTree Hospitality Group Ltd – has a one year low of $10.75 and a one year high of $25.10.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings results on Tuesday, May 15th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $32.67 million for the quarter. analysts predict that GreenTree Hospitality Group Ltd – will post 0.68 earnings per share for the current fiscal year.

A number of analysts have commented on the company. Zacks Investment Research raised GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America assumed coverage on GreenTree Hospitality Group in a research report on Monday, April 23rd. They set a “buy” rating and a $19.30 price target for the company. Finally, Morgan Stanley assumed coverage on GreenTree Hospitality Group in a research report on Monday, April 23rd. They set an “overweight” rating for the company.

GreenTree Hospitality Group Company 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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