M&T Bank Corp lowered its position in H World Group Limited (NASDAQ:HTHT – Get Rating) by 97.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,820 shares of the company’s stock after selling 64,717 shares during the quarter. M&T Bank Corp’s holdings in H World Group were worth $72,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HTHT. Advisor Group Holdings Inc. grew its stake in H World Group by 41.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 759 shares of the company’s stock valued at $33,000 after purchasing an additional 224 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in H World Group in the fourth quarter valued at about $50,000. FMR LLC grew its stake in H World Group by 43.6% in the second quarter. FMR LLC now owns 1,460 shares of the company’s stock valued at $56,000 after purchasing an additional 443 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in H World Group by 31.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,298 shares of the company’s stock valued at $99,000 after purchasing an additional 550 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in H World Group by 55.6% in the third quarter. Quadrant Capital Group LLC now owns 4,213 shares of the company’s stock valued at $141,000 after purchasing an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 44.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HTHT. StockNews.com upgraded H World Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Benchmark upped their price target on H World Group from $45.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, March 28th. Finally, TheStreet downgraded H World Group from a “c-” rating to a “d+” rating in a research note on Wednesday, May 24th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $60.60.
H World Group Trading Up 3.5 %
H World Group (NASDAQ:HTHT – Get Rating) last announced its earnings results on Monday, March 27th. The company reported ($0.06) earnings per share for the quarter. H World Group had a negative net margin of 1.23% and a negative return on equity of 1.99%. The business had revenue of $537.00 million for the quarter, compared to the consensus estimate of $564.11 million. Equities analysts forecast that H World Group Limited will post 1.4 earnings per share for the current fiscal year.
H World Group Profile
H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.
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