Shares of GreenTree Hospitality Group Ltd. (NYSE:GHG – Get Rating) traded down 1.1% during trading on Monday . The company traded as low as $4.36 and last traded at $4.40. 11,276 shares were traded during mid-day trading, a decline of 51% from the average session volume of 22,870 shares. The stock had previously closed at $4.45.
GreenTree Hospitality Group Stock Performance
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s 50 day moving average price is $4.41 and its 200-day moving average price is $3.94.
Institutional Investors Weigh In On GreenTree Hospitality Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in GreenTree Hospitality Group by 17.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,621 shares of the company’s stock worth $77,000 after purchasing an additional 2,726 shares during the last quarter. Norges Bank acquired a new position in shares of GreenTree Hospitality Group in the 4th quarter valued at $188,000. AdvisorShares Investments LLC acquired a new position in shares of GreenTree Hospitality Group in the 1st quarter valued at $212,000. JPMorgan Chase & Co. lifted its stake in shares of GreenTree Hospitality Group by 300,895.2% in the 1st 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 period. Finally, Sei Investments Co. acquired a new position in shares of GreenTree Hospitality Group in the 2nd quarter valued at $1,907,000. Hedge funds and other institutional investors own 9.41% of the company’s stock.
About GreenTree Hospitality Group
GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. The company was founded by Alex S. Xu on October 18, 2017 and is headquartered in Shanghai, China.
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