Summit Global Investments acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 17,134 shares of the company’s stock, valued at approximately $733,000.
Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of H World Group by 54.4% in the 3rd 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. Summit Securities Group LLC bought a new stake in shares of H World Group during the first quarter valued at approximately $85,000. Parallel Advisors LLC boosted its position in shares of H World Group by 16.7% during the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock valued at $89,000 after purchasing an additional 254 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of H World Group by 57.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,395 shares of the company’s stock valued at $120,000 after purchasing an additional 872 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in 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 period. Institutional investors own 46.41% of the company’s stock.
H World Group Price Performance
Shares of HTHT opened at $48.44 on Tuesday. The stock has a market cap of $15.28 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. H World Group Limited Sponsored ADR has a fifty-two week low of $38.47 and a fifty-two week high of $56.63. The firm’s 50-day simple moving average is $44.87 and its two-hundred day simple moving average is $46.96.
H World Group (NASDAQ:HTHT – Get Free Report) last announced its earnings results on Friday, August 14th. 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. Analysts anticipate that H World Group Limited Sponsored ADR will post 2.49 earnings per share 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 paid a $0.87 dividend. This represents a dividend yield of 394.0%. The ex-dividend date was Tuesday, September 8th. This is a decrease from H World Group’s previous dividend of $1.30. H World Group’s dividend payout ratio (DPR) is currently 74.89%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Weiss Ratings raised H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.20.
View Our Latest Research Report on H World Group
About H World Group
H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.
Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.
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