Strs Ohio Decreases Stock Holdings in H World Group Limited Sponsored ADR $HTHT

Strs Ohio lessened its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 42.2% during the third quarter, HoldingsChannel.com reports. The fund owned 57,600 shares of the company’s stock after selling 42,000 shares during the quarter. Strs Ohio’s holdings in H World Group were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HTHT. AQR Capital Management LLC lifted its position in H World Group by 11.2% during the first 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 during the period. USA Financial Formulas purchased a new stake in H World Group during the 2nd quarter valued at $28,000. DAVENPORT & Co LLC raised its stake in H World Group by 28.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 44,831 shares of the company’s stock valued at $1,521,000 after buying an additional 9,876 shares during the last quarter. US Bancorp DE lifted its holdings in shares of H World Group by 221.3% during the 2nd quarter. US Bancorp DE now owns 21,207 shares of the company’s stock valued at $719,000 after buying an additional 14,607 shares during the period. Finally, Aberdeen Group plc boosted its stake in shares of H World Group by 14.7% in the 2nd quarter. Aberdeen Group plc now owns 48,605 shares of the company’s stock worth $1,650,000 after buying an additional 6,218 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Benchmark increased their price objective on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Hsbc Global Res upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $42.13.

H World Group Trading Up 0.7%

Shares of NASDAQ:HTHT opened at $50.53 on Wednesday. The stock has a 50 day moving average of $48.07 and a 200 day moving average of $40.84. The company has a market cap of $15.56 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.17 and a beta of 0.14. H World Group Limited Sponsored ADR has a 12-month low of $30.20 and a 12-month high of $51.46. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

H World Group Company Profile

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.