H World Group Limited Sponsored ADR $HTHT Stock Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd cut its H World Group stake by 84.1% in the third quarter, selling 33,812 shares and retaining 6,394 shares valued at approximately $274,000.
• Institutional investors own 46.41% of H World Group, while analysts maintain a “Moderate Buy” consensus with an average price target of $61.20; ratings include four Buys and one Hold.
• H World Group’s latest quarterly results exceeded expectations, with earnings of $0.78 per share and revenue of $1.05 billion. The company’s dividend fell to $0.87 per share from $1.30 previously, while the stock recently traded at $46.50.

Ninety One UK Ltd reduced its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 84.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,394 shares of the company's stock after selling 33,812 shares during the period. Ninety One UK Ltd's holdings in H World Group were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HTHT. Parallel Advisors LLC raised its stake in H World Group by 16.7% in the 1st quarter. Parallel Advisors LLC now owns 1,773 shares of the company's stock worth $89,000 after acquiring an additional 254 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of H World Group by 27.7% in the first quarter. iA Global Asset Management Inc. now owns 2,111 shares of the company's stock valued at $106,000 after purchasing an additional 458 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of H World Group by 54.4% in the third quarter. Farther Finance Advisors LLC now owns 1,430 shares of the company's stock valued at $61,000 after purchasing an additional 504 shares during the period. Oddo BHF Asset Management Sas increased its holdings in shares of H World Group by 16.7% in the first quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company's stock valued at $246,000 after purchasing an additional 700 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of H World Group by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company's stock worth $204,000 after purchasing an additional 723 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HTHT. Wall Street Zen downgraded H World Group from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark reiterated a "buy" rating on shares of H World Group in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of H World Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.20.

H World Group Stock Performance

NASDAQ HTHT traded up $0.56 on Friday, reaching $46.50. 1,486,057 shares of the company's stock traded hands, compared to its average volume of 1,379,046. H World Group Limited Sponsored ADR has a fifty-two week low of $37.09 and a fifty-two week 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 firm has a market cap of $14.30 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.64 and a beta of 0.14. 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 (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The company 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%. Equities research analysts predict that H World Group Limited Sponsored ADR will post 2.60 EPS for the current fiscal year.

H World Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a dividend of $0.87 per share. This is a decrease from H World Group's previous dividend of $1.30. This represents a yield of 394.0%. The ex-dividend date was Tuesday, September 8th. H World Group's dividend payout ratio (DPR) is 74.89%.

H World Group 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.

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.