NS Partners Ltd Reduces Stock Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• NS Partners Ltd cut its H World Group stake by 97.9% in the second quarter, selling 348,600 shares and retaining 7,500 shares valued at approximately $313,000. Institutional investors collectively own 46.41% of the company.
• H World Group exceeded quarterly expectations, reporting $0.78 in EPS versus a $0.74 estimate and revenue of $1.05 billion, ahead of the $998.88 million consensus forecast.
• HTHT shares opened at $47.32, while analysts maintain a “Moderate Buy” consensus with an average price target of $61.20; ratings include three Buys and two Holds.

NS Partners Ltd trimmed its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 97.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the company's stock after selling 348,600 shares during the period. NS Partners Ltd's holdings in H World Group were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its stake in H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company's stock valued at $338,000 after purchasing an additional 936 shares in the last quarter. Norges Bank purchased a new stake in H World Group during the second quarter worth $888,000. EverSource Wealth Advisors LLC grew its holdings in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock valued at $49,000 after purchasing an additional 649 shares during the last quarter. First Trust Advisors LP acquired a new stake in H World Group in the second quarter valued at $2,881,000. Finally, Jump Financial LLC purchased a new position in shares of H World Group in the second quarter valued at $651,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Down 1.0%

HTHT stock opened at $47.32 on Tuesday. The company has a 50 day moving average price of $43.27 and a two-hundred day moving average price of $47.40. 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 stock has a market capitalization of $14.55 billion, a P/E ratio of 20.85, a PEG ratio of 1.70 and a beta of 0.15. H World Group Limited Sponsored ADR has a one year low of $36.03 and a one year high of $56.63.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations 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, sell-side analysts expect that H World Group Limited Sponsored ADR will post 2.6 EPS for the current year.

H World Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.87 per share. This represents a dividend yield of 373.0%. The ex-dividend date is Tuesday, September 8th. H World Group's dividend payout ratio is presently 74.89%.

Analyst Upgrades and Downgrades

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

About H World Group

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.

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