Pictet Asset Management SA grew its holdings in shares of H World Group Limited (NASDAQ:HTHT – Free Report) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 516,983 shares of the company’s stock after buying an additional 47,709 shares during the period. Pictet Asset Management SA owned 0.16% of H World Group worth $25,322,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valliance Asset Management Ltd purchased a new stake in H World Group in the first quarter worth $2,247,000. Tower Research Capital LLC TRC grew its stake in H World Group by 7,790.6% in the first quarter. Tower Research Capital LLC TRC now owns 10,889 shares of the company’s stock worth $533,000 after purchasing an additional 10,751 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in H World Group in the first quarter worth $256,000. Bank of New York Mellon Corp grew its stake in H World Group by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 198,978 shares of the company’s stock worth $9,746,000 after purchasing an additional 3,495 shares during the period. Finally, California State Teachers Retirement System grew its stake in H World Group by 3.4% in the first quarter. California State Teachers Retirement System now owns 45,603 shares of the company’s stock worth $2,234,000 after purchasing an additional 1,491 shares during the period. 46.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on HTHT. TheStreet raised H World Group from a “d+” rating to a “c-” rating in a research note on Wednesday, July 12th. StockNews.com started coverage on H World Group in a report on Thursday. They issued a “hold” rating on the stock. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, H World Group currently has a consensus rating of “Buy” and an average target price of $60.60.
H World Group Trading Down 2.2 %
H World Group stock opened at $43.92 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $42.89 and its two-hundred day simple moving average is $45.24. H World Group Limited has a 12 month low of $24.38 and a 12 month high of $53.52. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -399.27 and a beta of 1.02.
H World Group (NASDAQ:HTHT – Get Free Report) last released its earnings results on Monday, May 29th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.12 by $0.32. H World Group had a negative return on equity of 1.99% and a negative net margin of 1.23%. The business had revenue of $652.00 million for the quarter, compared to the consensus estimate of $650.94 million. As a group, equities analysts predict that H World Group Limited will post 1.47 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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