H World Group Limited (NASDAQ:HTHT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of H World Group Limited (NASDAQ:HTHT) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 333,961 shares of the company’s stock after selling 14,814 shares during the period. The Manufacturers Life Insurance Company’s holdings in H World Group were worth $12,423,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of H World Group in the third quarter valued at about $1,921,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in H World Group in the 3rd quarter valued at approximately $450,000. Banque Cantonale Vaudoise increased its position in H World Group by 101.8% during the 3rd quarter. Banque Cantonale Vaudoise now owns 115,000 shares of the company’s stock worth $4,278,000 after purchasing an additional 58,000 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of H World Group by 6.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 507,892 shares of the company’s stock worth $18,894,000 after buying an additional 28,953 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of H World Group in the 3rd quarter valued at approximately $1,739,000. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Price Performance

HTHT stock opened at $32.98 on Tuesday. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.98 and a beta of 0.77. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $37.01 and a 200-day moving average of $33.79. H World Group Limited has a 12-month low of $27.03 and a 12-month high of $42.98.

Analyst Ratings Changes

Separately, Benchmark dropped their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, H World Group presently has a consensus rating of “Buy” and a consensus price target of $46.80.

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.