Jupiter Asset Management Ltd. Invests $373,000 in H World Group Limited (NASDAQ:HTHT)

Jupiter Asset Management Ltd. purchased a new position in H World Group Limited (NASDAQ:HTHT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,200 shares of the company’s stock, valued at approximately $373,000.

Several other large investors have also recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of H World Group by 1.8% in the 1st quarter. California State Teachers Retirement System now owns 36,662 shares of the company’s stock worth $1,419,000 after acquiring an additional 636 shares in the last quarter. Blue Trust Inc. increased its position 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 buying an additional 1,075 shares in the last quarter. Quadrant Capital Group LLC increased its position in H World Group by 19.6% during the 4th quarter. Quadrant Capital Group LLC now owns 6,975 shares of the company’s stock valued at $233,000 after buying an additional 1,142 shares in the last quarter. Panagora Asset Management Inc. increased its position in H World Group by 28.1% during the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock valued at $231,000 after buying an additional 1,517 shares in the last quarter. Finally, US Bancorp DE increased its position in H World Group by 9.3% during the 1st quarter. US Bancorp DE now owns 18,964 shares of the company’s stock valued at $734,000 after buying an additional 1,609 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

H World Group Price Performance

H World Group stock opened at $28.73 on Friday. 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 business’s 50-day simple moving average is $29.78 and its two-hundred day simple moving average is $34.69. The company has a market cap of $9.38 billion, a PE ratio of 17.84, a PEG ratio of 1.12 and a beta of 0.76. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.21.

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

H World Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HTHT. Benchmark reduced their target price on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upped their target price on H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.80.

H World Group 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.