H World Group (NASDAQ:HTHT) Shares Gap Down to $41.46

Shares of H World Group Limited (NASDAQ:HTHT) gapped down prior to trading on Thursday . The stock had previously closed at $41.46, but opened at $39.26. H World Group shares last traded at $39.86, with a volume of 167,157 shares.

Wall Street Analyst Weigh In

Separately, Benchmark cut their price objective on shares of H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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 $13.14 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. The stock’s 50-day moving average is $30.28 and its 200-day moving average is $34.40.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. As a group, equities analysts anticipate that H World Group Limited will post 1.81 EPS for the current fiscal year.

H World Group Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were given a $0.63 dividend. This represents a yield of 3.9%. The ex-dividend date was Wednesday, August 14th. H World Group’s dividend payout ratio (DPR) is presently 75.16%.

Institutional Investors Weigh In On H World Group

Several large investors have recently modified their holdings of the stock. Capital Fund Management S.A. boosted its holdings in shares of H World Group by 98.7% in the 4th quarter. Capital Fund Management S.A. now owns 209,506 shares of the company’s stock worth $7,006,000 after acquiring an additional 104,068 shares in the last quarter. Generation Investment Management LLP raised its position in H World Group by 19.8% in the 4th quarter. Generation Investment Management LLP now owns 1,222,257 shares of the company’s stock worth $40,872,000 after purchasing an additional 201,587 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in H World Group by 80.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock worth $58,067,000 after buying an additional 669,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of H World Group by 18.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock valued at $5,197,000 after acquiring an additional 20,500 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of H World Group by 46.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 276,481 shares of the company’s stock valued at $10,705,000 after acquiring an additional 87,572 shares during the period. 46.41% of the stock is currently owned by 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.