H World Group (NASDAQ:HTHT) Trading 5.7% Higher

Shares of H World Group Limited (NASDAQ:HTHT) traded up 5.7% on Wednesday . The stock traded as high as $41.50 and last traded at $41.08. 594,351 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,850,203 shares. The stock had previously closed at $38.86.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price target on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.80.

H World Group Price Performance

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 firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The company has a 50-day moving average of $29.90 and a 200-day moving average of $34.35.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. As a group, research analysts anticipate that H World Group Limited will post 1.81 EPS for the current fiscal year.

H World Group Cuts Dividend

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

Hedge Funds Weigh In On H World Group

Hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group grew its holdings in shares of H World Group by 6.8% in the 4th quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock valued at $548,080,000 after acquiring an additional 1,039,888 shares in the last quarter. Vanguard Group Inc. increased its position in shares of H World Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,432,587 shares of the company’s stock worth $281,986,000 after purchasing an additional 27,629 shares during the last quarter. Capital International Investors raised its stake in shares of H World Group by 192.4% during the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company’s stock worth $220,188,000 after purchasing an additional 3,744,106 shares in the last quarter. Capital International Inc. CA boosted its holdings in shares of H World Group by 57.7% in the 1st quarter. Capital International Inc. CA now owns 1,803,048 shares of the company’s stock valued at $69,778,000 after buying an additional 659,914 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock valued at $58,067,000 after buying an additional 669,200 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

About H World Group

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.