Skandinaviska Enskilda Banken AB publ Sells 90,700 Shares of H World Group Limited (NASDAQ:HTHT)

Skandinaviska Enskilda Banken AB publ lessened its stake in H World Group Limited (NASDAQ:HTHT) by 73.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,400 shares of the company’s stock after selling 90,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in H World Group were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTHT. Blue Trust Inc. increased its holdings in H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after purchasing an additional 1,075 shares during the period. Headlands Technologies LLC purchased a new position in H World Group during the 2nd quarter valued at about $91,000. AdvisorShares Investments LLC purchased a new position in H World Group during the 4th quarter valued at about $177,000. BOCHK Asset Management Ltd purchased a new position in H World Group during the 4th quarter valued at about $234,000. Finally, Capstone Investment Advisors LLC purchased a new position in H World Group during the 4th quarter valued at about $238,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 0.6 %

HTHT stock opened at $29.63 on Tuesday. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.21. The business’s 50 day moving average price is $29.51 and its two-hundred day moving average price is $34.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.12 and a beta of 0.76.

H World Group (NASDAQ:HTHT) last posted its earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The firm had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $839.89 million. As a group, analysts forecast that H World Group Limited will post 1.74 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a dividend yield of 3.9%. H World Group’s dividend payout ratio is currently 75.16%.

Analysts Set New Price Targets

Separately, Benchmark reduced their price target on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.