H World Group (NASDAQ:HTHT) Shares Gap Up to $37.69

Shares of H World Group Limited (NASDAQ:HTHT) gapped up prior to trading on Monday . The stock had previously closed at $37.69, but opened at $39.50. H World Group shares last traded at $39.22, with a volume of 572,033 shares trading hands.

Analyst Ratings Changes

Separately, Benchmark dropped their price objective on H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.80.

H World Group Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. The firm has a market cap of $12.41 billion, a P/E ratio of 24.79, a PEG ratio of 0.85 and a beta of 0.76. The business has a fifty day moving average of $29.77 and a 200 day moving average of $34.36.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. On average, sell-side analysts anticipate that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were given a $0.63 dividend. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, August 14th. H World Group’s payout ratio is 75.16%.

Institutional Trading of H World Group

Several hedge funds have recently added to or reduced their stakes in the company. Capital Fund Management S.A. increased its position in H World Group by 98.7% during the 4th quarter. Capital Fund Management S.A. now owns 209,506 shares of the company’s stock worth $7,006,000 after buying an additional 104,068 shares during the period. Generation Investment Management LLP grew its stake in shares of H World Group by 19.8% in the fourth quarter. Generation Investment Management LLP now owns 1,222,257 shares of the company’s stock valued at $40,872,000 after acquiring an additional 201,587 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in H World Group by 137.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 37,981 shares of the company’s stock worth $1,270,000 after acquiring an additional 21,979 shares during the period. Canada Pension Plan Investment Board raised its stake in H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock worth $58,067,000 after purchasing an additional 669,200 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in H World Group by 18.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock valued at $5,197,000 after purchasing an additional 20,500 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Company 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.