H World Group Limited (NASDAQ:HTHT) Stake Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in H World Group Limited (NASDAQ:HTHT) by 93.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,911 shares of the company’s stock after selling 843,935 shares during the quarter. Victory Capital Management Inc.’s holdings in H World Group were worth $2,377,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Swedbank AB bought a new position in H World Group in the 1st quarter valued at about $2,717,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of H World Group by 7.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock valued at $11,153,000 after acquiring an additional 21,938 shares in the last quarter. Fiera Capital Corp increased its stake in shares of H World Group by 87.1% during the third quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock valued at $2,091,000 after acquiring an additional 26,175 shares during the period. Van ECK Associates Corp raised its holdings in H World Group by 47,317.1% during the second quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock worth $3,239,000 after purchasing an additional 97,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in H World Group by 30.4% in the second quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company’s stock worth $7,164,000 after purchasing an additional 50,128 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Trading Down 0.3 %

Shares of HTHT opened at $35.80 on Monday. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The business’s 50-day moving average price is $36.64 and its 200 day moving average price is $34.06. The stock has a market capitalization of $11.69 billion, a P/E ratio of 21.83, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

Separately, Benchmark decreased their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $47.80.

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.