Allspring Global Investments Holdings LLC lowered its position in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,862,247 shares of the company's stock after selling 293,196 shares during the period. Allspring Global Investments Holdings LLC owned 4.79% of GreenTree Hospitality Group worth $11,767,000 as of its most recent SEC filing.
GreenTree Hospitality Group Stock Down 10.7%
NYSE GHG traded down $0.26 during trading hours on Friday, reaching $2.18. 9,536 shares of the company's stock traded hands, compared to its average volume of 15,257. GreenTree Hospitality Group Ltd. Sponsored ADR has a 52-week low of $1.93 and a 52-week high of $3.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $2.36. The firm has a market cap of $221.31 million, a PE ratio of 5.07 and a beta of 0.51.
GreenTree Hospitality Group (NYSE:GHG - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.17). GreenTree Hospitality Group had a net margin of 8.67% and a return on equity of 7.51%. The business had revenue of $41.71 million for the quarter, compared to analysts' expectations of $48.24 million.
GreenTree Hospitality Group Profile
(
Free Report)
GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.
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