Allspring Global Investments Holdings LLC Sells 21,471 Shares of GreenTree Hospitality Group Ltd. (NYSE:GHG)

Allspring Global Investments Holdings LLC decreased its stake in GreenTree Hospitality Group Ltd. (NYSE:GHG) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,488,211 shares of the company’s stock after selling 21,471 shares during the period. Allspring Global Investments Holdings LLC owned about 5.37% of GreenTree Hospitality Group worth $20,636,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Camelot Portfolios LLC bought a new position in shares of GreenTree Hospitality Group in the 4th quarter worth $49,000. Envestnet Asset Management Inc. increased its holdings in shares of GreenTree Hospitality Group by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,621 shares of the company’s stock worth $77,000 after buying an additional 2,726 shares during the last quarter. Norges Bank bought a new position in shares of GreenTree Hospitality Group in the 4th quarter worth $188,000. JPMorgan Chase & Co. increased its holdings 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 worth $317,000 after buying an additional 63,188 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of GreenTree Hospitality Group in the 2nd quarter worth $1,907,000. Institutional investors own 8.05% of the company’s stock.

GreenTree Hospitality Group Trading Up 0.7 %

Shares of NYSE:GHG opened at $3.06 on Friday. The company’s fifty 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 Hospitality Group (NYSE:GHG) last announced its quarterly earnings data on Monday, March 25th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $52.42 million during the quarter, compared to analysts’ expectations of $57.94 million. As a group, analysts anticipate that GreenTree Hospitality Group Ltd. will post 0.35 EPS for the current year.

About GreenTree Hospitality Group

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.