H World Group (NASDAQ:HTHT) Downgraded by Wall Street Zen to “Hold”

by · The Cerbat Gem

Wall Street Zen downgraded shares of H World Group (NASDAQ:HTHT – Free Report) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings upgraded H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Benchmark reaffirmed a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Get Our Latest Stock Analysis on HTHT

H World Group Stock Performance

HTHT stock opened at $46.50 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20. H World Group has a 1 year low of $37.09 and a 1 year high of $56.63. The company has a market cap of $14.30 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.14. The stock’s fifty day moving average price is $44.48 and its 200-day moving average price is $45.39.

H World Group (NASDAQ:HTHT – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $998.88 million. On average, equities analysts forecast that H World Group will post 2.60 earnings per share for the current year.

H World Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a yield of 394.0%. This is a negative change from H World Group’s previous dividend of $1.30. H World Group’s payout ratio is currently 74.89%.

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTHT. Renaissance Technologies LLC boosted its holdings in H World Group by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock worth $70,013,000 after buying an additional 139,300 shares during the period. Hsbc Holdings PLC increased its stake in H World Group by 44.7% in the 4th quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock worth $55,644,000 after buying an additional 365,659 shares in the last quarter. Sei Investments Co. raised its holdings in H World Group by 263.2% during the first quarter. Sei Investments Co. now owns 694,986 shares of the company’s stock valued at $34,951,000 after acquiring an additional 503,629 shares during the period. Dimensional Fund Advisors LP raised its holdings in H World Group by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 539,055 shares of the company’s stock valued at $27,083,000 after acquiring an additional 19,585 shares during the period. Finally, KBC Group NV raised its holdings in H World Group by 493.2% during the first quarter. KBC Group NV now owns 517,397 shares of the company’s stock valued at $26,020,000 after acquiring an additional 430,176 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

(Get Free Report)

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.

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