H World Group (NASDAQ:HTHT) Stock Price Down 4.6% – Here’s Why

H World Group Limited (NASDAQ:HTHT)’s stock price fell 4.6% during mid-day trading on Tuesday . The company traded as low as $33.09 and last traded at $33.54. 615,477 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,859,756 shares. The stock had previously closed at $35.17.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price target on shares of 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $47.80.

H World Group Price Performance

The firm’s 50 day moving average price is $36.77 and its two-hundred day moving average price is $34.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $10.86 billion, a PE ratio of 20.22, a P/E/G ratio of 1.09 and a beta of 0.77.

Hedge Funds Weigh In On H World Group

Several large investors have recently made changes to their positions in HTHT. California State Teachers Retirement System raised its holdings in shares of H World Group by 1.8% during the first quarter. California State Teachers Retirement System now owns 36,662 shares of the company’s stock valued at $1,419,000 after purchasing an additional 636 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of H World Group by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company’s stock valued at $2,493,000 after acquiring an additional 950 shares during the last quarter. Blue Trust Inc. increased its position in shares of H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after purchasing an additional 1,075 shares during the last quarter. Sei Investments Co. increased its position in shares of H World Group by 10.4% during the 2nd quarter. Sei Investments Co. now owns 25,474 shares of the company’s stock valued at $849,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of H World Group by 22.6% during the 2nd quarter. Creative Planning now owns 12,964 shares of the company’s stock worth $432,000 after acquiring an additional 2,394 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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.