H World Group Limited Sponsored ADR $HTHT Stock Holdings Lessened by Greenwoods Asset Management Hong Kong Ltd.

Key Points

• Greenwoods Asset Management Hong Kong cut its H World Group stake by 69.8% in the second quarter, selling 741,609 shares and retaining 321,572 shares worth approximately $13.4 million. Institutional investors collectively own 46.41% of HTHT.
• H World Group reported quarterly earnings of $0.78 per share, exceeding the $0.74 analyst consensus, while revenue of $1.05 billion also topped expectations. The stock opened at $46.74, compared with a 52-week range of $36.03 to $56.63.
• Analyst sentiment remains moderately positive, with three Buy ratings and two Hold ratings and a consensus price target of $61.20. The company declared a $0.87 dividend payable September 22 to shareholders of record September 8.

Greenwoods Asset Management Hong Kong Ltd. reduced its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 69.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,572 shares of the company's stock after selling 741,609 shares during the quarter. H World Group makes up approximately 0.6% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 14th largest position. Greenwoods Asset Management Hong Kong Ltd. owned about 0.10% of H World Group worth $13,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HTHT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of H World Group by 10.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,340 shares of the company's stock valued at $11,390,000 after buying an additional 23,372 shares during the period. Aubrey Capital Management Ltd purchased a new position in shares of H World Group during the 4th quarter valued at $11,946,000. True Light Capital Pte. Ltd. acquired a new position in shares of H World Group in the fourth quarter worth $37,602,000. AustralianSuper Pty Ltd acquired a new position in shares of H World Group in the fourth quarter worth $6,438,000. Finally, Capital International Inc. CA raised its holdings in shares of H World Group by 406.9% during the fourth quarter. Capital International Inc. CA now owns 840,173 shares of the company's stock worth $39,530,000 after acquiring an additional 674,438 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

HTHT opened at $46.74 on Thursday. 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 company has a market cap of $14.37 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.67 and a beta of 0.15. The stock has a 50-day moving average of $43.46 and a 200-day moving average of $47.31. H World Group Limited Sponsored ADR has a 52-week low of $36.03 and a 52-week high of $56.63.

H World Group (NASDAQ:HTHT - Get Free Report) last issued its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.88 million. H World Group had a return on equity of 41.05% and a net margin of 18.90%. As a group, equities research analysts forecast that H World Group Limited Sponsored ADR will post 2.6 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.87 dividend. This represents a dividend yield of 373.0%. The ex-dividend date is Tuesday, September 8th. H World Group's payout ratio is presently 112.78%.

Analyst Ratings Changes

HTHT has been the subject of a number of research reports. Weiss Ratings raised H World Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Zacks Research downgraded H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Benchmark reiterated a "buy" rating on shares of H World Group in a report on Tuesday, August 18th. Finally, Wall Street Zen cut H World Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.20.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

Want to see what other hedge funds are holding HTHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source