H World Group Limited Sponsored ADR $HTHT Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,394 shares of the company’s stock after selling 33,812 shares during the period. Ninety One UK Ltd’s holdings in H World Group were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in HTHT. Parallel Advisors LLC boosted its holdings in H World Group by 16.7% during the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock worth $89,000 after buying an additional 254 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in H World Group by 27.7% in the first quarter. iA Global Asset Management Inc. now owns 2,111 shares of the company’s stock valued at $106,000 after buying an additional 458 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in H World Group by 54.4% in the third quarter. Farther Finance Advisors LLC now owns 1,430 shares of the company’s stock valued at $61,000 after buying an additional 504 shares in the last quarter. Oddo BHF Asset Management Sas increased its holdings in H World Group by 16.7% in the first quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company’s stock valued at $246,000 after buying an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of H World Group by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company’s stock worth $204,000 after acquiring an additional 723 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on HTHT. Benchmark reissued a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Weiss Ratings upgraded H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, H World Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Price Performance

Shares of NASDAQ:HTHT traded up $0.56 during midday trading on Friday, reaching $46.50. 1,486,057 shares of the company’s stock traded hands, compared to its average volume of 1,379,046. H World Group Limited Sponsored ADR has a 1 year low of $37.09 and a 1 year high of $56.63. The company has a market cap of $14.30 billion, a P/E ratio of 20.48, a PEG ratio of 1.64 and a beta of 0.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. The company has a fifty day simple moving average of $44.48 and a two-hundred day simple moving average of $45.39.

H World Group (NASDAQ:HTHT) last released its quarterly earnings results on Friday, August 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. Equities analysts predict that H World Group Limited Sponsored ADR will post 2.60 EPS for the current fiscal year.

H World Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This is a negative change from H World Group’s previous dividend of $1.30. This represents a yield of 394.0%. H World Group’s payout ratio is 74.89%.

About H World Group

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.