Fiera Capital Corp Grows Position in H World Group Limited Sponsored ADR (NASDAQ:HTHT)

Fiera Capital Corp increased its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 20.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 115,497 shares of the company's stock after buying an additional 19,471 shares during the quarter. Fiera Capital Corp's holdings in H World Group were worth $4,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in H World Group by 4,554.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock worth $432,453,000 after buying an additional 11,433,692 shares in the last quarter. Capital International Investors raised its holdings in H World Group by 18.4% in the fourth quarter. Capital International Investors now owns 9,334,577 shares of the company's stock worth $308,321,000 after purchasing an additional 1,452,364 shares in the last quarter. Capital Research Global Investors bought a new position in H World Group in the fourth quarter worth $307,715,000. Temasek Holdings Private Ltd raised its holdings in H World Group by 87.2% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock worth $136,002,000 after purchasing an additional 1,917,528 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in H World Group by 625.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock worth $70,578,000 after purchasing an additional 1,842,244 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Up 0.0%

Shares of NASDAQ:HTHT traded up $0.01 on Friday, hitting $31.23. 2,153,069 shares of the company traded hands, compared to its average volume of 1,690,569. H World Group Limited Sponsored ADR has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $33.90 and a 200-day simple moving average of $34.67. The company has a market cap of $9.59 billion, a PE ratio of 21.69, a PEG ratio of 1.17 and a beta of 0.47.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price objective on 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 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 company presently has a consensus rating of "Moderate Buy" and an average target price of $40.80.

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.