Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.20.
HTHT has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of H World Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Benchmark reissued a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th.
Check Out Our Latest Research Report on HTHT
H World Group Trading Up 0.5%
H World Group (NASDAQ:HTHT – Get Free Report) last released its earnings results on Monday, August 17th. The company reported $0.78 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $998.88 million. As a group, equities analysts forecast that H World Group will post 2.6 EPS for the current year.
H World Group Cuts Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.87 per share. This represents a yield of 394.0%. The ex-dividend date of this dividend is Tuesday, September 8th. H World Group’s dividend payout ratio is 74.89%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in HTHT. TD Private Client Wealth LLC acquired a new stake in H World Group during the 4th quarter valued at $45,000. iA Global Asset Management Inc. increased its stake 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 worth $78,000 after buying an additional 277 shares during the period. Summit Securities Group LLC acquired a new position in H World Group in the 1st quarter worth $85,000. Parallel Advisors LLC lifted its holdings 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 buying an additional 254 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in H World Group by 57.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,395 shares of the company’s stock worth $120,000 after buying an additional 872 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.
H World Group Company Profile
H World Group Limited (NASDAQ: HTHT) is a global hospitality company that develops, operates and franchises hotels. The company provides accommodation and related services to business and leisure travelers through a portfolio spanning economy, midscale, upscale and luxury segments.
In China, H World’s brands include HanTing Hotel, Hi Inn, Ji Hotel, Starway, Orange Hotel and Crystal Orange. Through its international operations, the company also operates brands such as Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.
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