Crestwood Capital Management L.P. Lowers Stake in H World Group Limited Sponsored ADR (NASDAQ: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. reduced its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 24.4% during the first quarter, according to its most recent 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 holdings, making the stock its 12th biggest holding. Crestwood Capital Management L.P.'s holdings in H World Group were worth $2,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HTHT. Caitong International Asset Management Co. Ltd acquired a new stake in H World Group in the first quarter valued at approximately $51,000. Confluence Investment Management LLC acquired a new stake in shares of H World Group during the first quarter worth $209,000. Greenleaf Trust acquired a new stake in shares of H World Group during the first quarter worth $226,000. US Bancorp DE lifted its stake in shares of H World Group by 36.4% during the first quarter. US Bancorp DE now owns 6,600 shares of the company's stock worth $244,000 after buying an additional 1,761 shares during the period. Finally, Mariner LLC lifted its stake in shares of H World Group by 33.8% during the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock worth $268,000 after buying an additional 2,050 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

H World Group Stock Performance

HTHT traded down $0.15 on Friday, reaching $33.07. The stock had a trading volume of 634,925 shares, compared to its average volume of 1,866,537. H World Group Limited Sponsored ADR has a 12-month low of $27.52 and a 12-month high of $42.98. 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 business's 50-day moving average price is $33.22 and its two-hundred day moving average price is $34.70. The company has a market cap of $10.15 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

H World Group 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.