OVERSEA CHINESE BANKING Corp Ltd Acquires New Stake in H World Group Limited (NASDAQ:HTHT)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in H World Group Limited (NASDAQ:HTHT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 46,767 shares of the company’s stock, valued at approximately $1,739,000.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in shares of H World Group by 80.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock worth $58,067,000 after purchasing an additional 669,200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in H World Group by 18.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock worth $5,197,000 after buying an additional 20,500 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in H World Group by 46.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 276,481 shares of the company’s stock worth $10,705,000 after buying an additional 87,572 shares during the last quarter. Swedbank AB purchased a new position in H World Group in the 1st quarter worth about $2,717,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in H World Group by 7.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock valued at $11,153,000 after acquiring an additional 21,938 shares during the period. 46.41% of the stock is owned by institutional investors.

H World Group Stock Performance

Shares of HTHT opened at $35.93 on Wednesday. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The business has a fifty day moving average of $35.61 and a 200 day moving average of $34.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $11.73 billion, a P/E ratio of 21.91, a PEG ratio of 1.12 and a beta of 0.77.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. As a group, sell-side analysts anticipate that H World Group Limited will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price target on shares of H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, H World Group presently has an average rating of “Buy” and an average price target of $47.80.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.