H World Group (NASDAQ:HTHT) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded H World Group from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $61.20.
• H World shares opened at $46.50, up 1.2%, and trade between a 52-week range of $37.09 to $56.63. The company recently exceeded quarterly expectations, reporting $0.78 in EPS and $1.05 billion in revenue.
• Institutional investors have continued increasing exposure to H World, with hedge funds and other institutions collectively owning 46.41% of the company’s stock.

H World Group (NASDAQ:HTHT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on HTHT. Weiss Ratings raised shares of H World Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Benchmark reaffirmed a "buy" rating on shares of H World Group in a research note on Tuesday, August 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, H World Group presently has a consensus rating of "Moderate Buy" and an average price target of $61.20.

H World Group Stock Up 1.2%

Shares of HTHT opened at $46.50 on Friday. The stock has a 50 day moving average price of $44.48 and a 200 day moving average price of $45.39. H World Group has a one year low of $37.09 and a one year high of $56.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.64 and a beta of 0.14.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $998.88 million. Equities research analysts forecast that H World Group will post 2.60 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H World Group

A number of institutional investors have recently added to or reduced their stakes in HTHT. Farther Finance Advisors LLC increased its stake in shares of H World Group by 54.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,430 shares of the company's stock worth $61,000 after acquiring an additional 504 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of H World Group during the 2nd quarter valued at about $537,000. National Pension Service boosted its position in shares of H World Group by 64.8% during the 2nd quarter. National Pension Service now owns 102,774 shares of the company's stock valued at $4,288,000 after acquiring an additional 40,405 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of H World Group by 46.7% during the 2nd quarter. WINTON GROUP Ltd now owns 8,800 shares of the company's stock valued at $367,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of H World Group in the second quarter valued at about $4,091,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Company Profile

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.

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