Rovida Investment Management Ltd Takes Position in H World Group Limited Sponsored ADR $HTHT

Rovida Investment Management Ltd acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHTFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $10,058,000. H World Group makes up about 1.3% of Rovida Investment Management Ltd’s holdings, making the stock its 11th largest holding.

A number of other hedge funds also recently bought and sold shares of HTHT. TD Private Client Wealth LLC purchased a new stake in H World Group in the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC raised its stake in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after acquiring an additional 649 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group during the third quarter worth approximately $66,000. Osaic Holdings Inc. lifted its holdings in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after acquiring an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its holdings in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HTHT shares. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.20.

View Our Latest Report on H World Group

H World Group Trading Down 2.3%

NASDAQ HTHT opened at $42.25 on Friday. The stock has a market cap of $12.99 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.13. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The stock has a 50 day simple moving average of $42.85 and a two-hundred day simple moving average of $48.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93.

About H World Group

(Free Report)

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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Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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