H World Group Limited (NASDAQ:HTHT) Shares Sold by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd lessened its position in H World Group Limited (NASDAQ:HTHT) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,170,359 shares of the company’s stock after selling 238,442 shares during the period. H World Group comprises approximately 13.4% of Broad Peak Investment Advisers Pte Ltd’s holdings, making the stock its 2nd biggest holding. Broad Peak Investment Advisers Pte Ltd owned about 0.36% of H World Group worth $43,537,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in H World Group by 716.7% in 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. Headlands Technologies LLC acquired a new position in H World Group during the 2nd quarter worth about $91,000. Greenleaf Trust bought a new stake in H World Group during the 3rd quarter worth about $210,000. Jupiter Asset Management Ltd. acquired a new stake in H World Group in the 2nd quarter valued at about $373,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of H World Group in the first quarter worth about $394,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Up 0.2 %

Shares of NASDAQ HTHT opened at $36.00 on Thursday. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The firm’s 50-day moving average is $35.74 and its 200-day moving average is $34.27. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $11.76 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77.

H World Group (NASDAQ:HTHT) last released its earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. Equities analysts expect that H World Group Limited will post 1.77 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark lowered 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 report on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $47.80.

H World Group Profile

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.