Public Employees Retirement System of Ohio Makes New $2.23 Million Investment in H World Group Limited Sponsored ADR $HTHT

Key Points

• Public Employees Retirement System of Ohio acquired 53,408 H World Group shares worth approximately $2.23 million, while institutional investors collectively own 46.41% of the company.
• Analyst sentiment remains moderately positive: H World Group has a consensus “Moderate Buy” rating from five analysts, with an average price target of $61.20.
• H World Group beat quarterly expectations, reporting $0.78 in earnings per share versus a $0.74 estimate and $1.05 billion in revenue versus the $998.88 million consensus forecast; shares opened at $45.77, down 1.2%.

Public Employees Retirement System of Ohio acquired a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 53,408 shares of the company's stock, valued at approximately $2,228,000.

A number of other institutional investors have also recently made changes to their positions in HTHT. Parallel Advisors LLC increased its stake in shares of H World Group by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company's stock worth $89,000 after buying an additional 254 shares during the period. iA Global Asset Management Inc. boosted its position in H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company's stock valued at $78,000 after buying an additional 277 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in H World Group by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company's stock worth $466,000 after acquiring an additional 486 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock worth $49,000 after acquiring an additional 649 shares during the last quarter. Finally, Oddo BHF Asset Management Sas increased its position 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 acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 46.41% of the company's stock.

Analyst Upgrades and Downgrades

HTHT has been the subject of several recent analyst reports. Weiss Ratings raised shares of H World Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Wall Street Zen raised H World Group from a "hold" rating to a "buy" rating in a research note on Saturday. Benchmark reaffirmed a "buy" rating on shares of H World Group in a research report on Tuesday, August 18th. Finally, Zacks Research cut H World Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, H World Group presently has a consensus rating of "Moderate Buy" and an average target price of $61.20.

H World Group Trading Down 1.2%

NASDAQ:HTHT opened at $45.77 on Friday. The company has a 50-day moving average price of $43.63 and a 200-day moving average price of $47.25. H World Group Limited Sponsored ADR has a 12 month low of $36.48 and a 12 month high of $56.63. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.63 and a beta of 0.15.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its earnings results 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. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $998.88 million. Equities analysts predict that H World Group Limited Sponsored ADR will post 2.6 EPS for the current year.

H World Group Cuts Dividend

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

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.

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