H World Group (NASDAQ:HTHT) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

H World Group Stock Performance

Shares of HTHT opened at $42.63 on Friday. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.55 and a beta of 0.15. The company’s fifty day moving average is $42.76 and its 200-day moving average is $47.98. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. H World Group has a 12 month low of $30.41 and a 12 month high of $56.63.

Hedge Funds Weigh In On H World Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. TD Private Client Wealth LLC acquired a new stake in shares of H World Group in the fourth quarter worth $45,000. EverSource Wealth Advisors LLC grew its stake in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in H World Group in the 3rd quarter worth $66,000. Osaic Holdings Inc. raised its holdings in 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 period. Finally, iA Global Asset Management Inc. raised its holdings in 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 period. Institutional investors and hedge funds own 46.41% of the company’s stock.

About H World Group

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.