H World Group (NASDAQ:HTHT) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

H World Group (NASDAQ:HTHT) issued its earnings results on Monday. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.04), Zacks reports. H World Group had a return on equity of 39.73% and a net margin of 19.22%.

H World Group Stock Performance

NASDAQ:HTHT opened at $41.88 on Monday. H World Group has a 12 month low of $32.99 and a 12 month high of $56.63. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.52 and a beta of 0.15. The company has a 50-day moving average price of $42.30 and a 200-day moving average price of $47.51. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

Several equities analysts have recently commented on HTHT shares. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings lowered H World Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, H World Group has a consensus rating of “Moderate Buy” and an average price target of $61.20.

Institutional Investors Weigh In On H World Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. EverSource Wealth Advisors LLC lifted its position in H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group in the 3rd quarter worth about $66,000. Osaic Holdings Inc. increased its stake in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after acquiring an additional 2,037 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in H World Group by 1,307.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock valued at $92,000 after acquiring an additional 2,523 shares during the period. Finally, Vise Technologies Inc. purchased a new position in shares of H World Group during the fourth quarter valued at approximately $223,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.