H World Group (NASDAQ:HTHT) Raised to “Buy” at Wall Street Zen

by · The Markets Daily

H World Group (NASDAQ:HTHT – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also commented on the stock. Benchmark reissued a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, H World Group has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Check Out Our Latest Analysis on HTHT

H World Group Stock Performance

Shares of HTHT opened at $41.78 on Friday. H World Group has a 12-month low of $36.56 and a 12-month high of $56.63. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The company has a market cap of $12.85 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.49 and a beta of 0.14. The stock has a 50-day moving average price of $44.23 and a 200-day moving average price of $45.81.

H World Group (NASDAQ:HTHT – Get Free Report) last posted its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $998.88 million. As a group, equities analysts forecast that H World Group will post 2.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in H World Group by 16.7% during the 1st quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock valued at $89,000 after acquiring an additional 254 shares during the period. iA Global Asset Management Inc. increased its stake in H World Group by 27.7% in the 1st quarter. iA Global Asset Management Inc. now owns 2,111 shares of the company’s stock worth $106,000 after purchasing an additional 458 shares during the period. Oddo BHF Asset Management Sas lifted its position in H World Group by 16.7% in the first quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company’s stock valued at $246,000 after purchasing an additional 700 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in H World Group by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company’s stock valued at $204,000 after purchasing an additional 723 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of H World Group by 12.0% during the second quarter. Confluence Investment Management LLC now owns 6,855 shares of the company’s stock valued at $286,000 after purchasing an additional 733 shares during the period. 46.41% of the stock is owned by hedge funds and other institutional investors.

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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