KBC Group NV Increases Stock Position in H World Group Limited Sponsored ADR $HTHT

KBC Group NV raised its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 493.2% in the first quarter, Holdings Channel.com reports. The fund owned 517,397 shares of the company’s stock after purchasing an additional 430,176 shares during the period. KBC Group NV’s holdings in H World Group were worth $26,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. iA Global Asset Management Inc. boosted its position in shares of 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 purchasing an additional 277 shares during the period. Federation des caisses Desjardins du Quebec lifted its stake in H World Group by 5.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock worth $466,000 after purchasing an additional 486 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 649 shares during the period. Macquarie Group Ltd. grew its stake in shares of H World Group by 5.3% in the fourth quarter. Macquarie Group Ltd. now owns 17,056 shares of the company’s stock valued at $802,000 after buying an additional 859 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of H World Group by 1.3% in the 4th quarter. Public Sector Pension Investment Board now owns 70,753 shares of the company’s stock valued at $3,329,000 after buying an additional 900 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Performance

Shares of HTHT opened at $40.00 on Wednesday. The stock has a 50-day simple moving average of $43.47 and a 200-day simple moving average of $48.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $12.30 billion, a PE ratio of 17.94, a PEG ratio of 1.15 and a beta of 0.13. H World Group Limited Sponsored ADR has a 1 year low of $30.41 and a 1 year high of $56.63.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. 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 MarketBeat.com, H World Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group 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.