Crestwood Capital Management L.P. Decreases Stake in H World Group Limited Sponsored ADR $HTHT

Key Points

• Crestwood Capital Management L.P. has reduced its stake in H World Group by 24.4%, selling 20,000 shares to hold 61,988 shares, valued at approximately $2.29 million.
• Several other hedge funds, including Canada Pension Plan Investment Board, have significantly increased their holdings in H World Group, indicating growing institutional interest.
• JPMorgan Chase & Co. has lowered its price target on H World Group from $43.00 to $42.00 while maintaining an "overweight" rating on the stock, which has an average target of $40.80 in the market.

Crestwood Capital Management L.P. decreased its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,988 shares of the company's stock after selling 20,000 shares during the quarter. H World Group accounts for approximately 1.8% of Crestwood Capital Management L.P.'s portfolio, making the stock its 12th largest holding. Crestwood Capital Management L.P.'s holdings in H World Group were worth $2,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the 1st quarter worth approximately $51,000. Confluence Investment Management LLC purchased a new position in shares of H World Group during the 1st quarter valued at approximately $209,000. Greenleaf Trust purchased a new position in shares of H World Group during the 1st quarter valued at approximately $226,000. US Bancorp DE lifted its position in shares of H World Group by 36.4% during the 1st quarter. US Bancorp DE now owns 6,600 shares of the company's stock valued at $244,000 after buying an additional 1,761 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of H World Group by 33.8% during the 4th quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Price Performance

HTHT stock traded down $0.03 during midday trading on Monday, reaching $33.04. The stock had a trading volume of 6,205,292 shares, compared to its average volume of 2,000,910. The company's fifty day simple moving average is $33.22 and its 200 day simple moving average is $34.71. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. H World Group Limited Sponsored ADR has a 52-week low of $27.52 and a 52-week high of $42.98.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.80.

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.