H World Group (NASDAQ:HTHT) Cut to Hold at Hsbc Global Res

H World Group (NASDAQ:HTHT) was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

HTHT has been the subject of a number of other research reports. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research note on Wednesday. Benchmark dropped their price target on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.40.

H World Group Trading Up 2.5 %

H World Group stock opened at $31.50 on Tuesday. H World Group has a 12-month low of $27.03 and a 12-month high of $42.98. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.11 and a beta of 0.70. The firm has a 50 day moving average of $32.58 and a 200 day moving average of $33.11. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. As a group, research analysts predict that H World Group will post 1.65 earnings per share for the current year.

Institutional Trading of H World Group

Several hedge funds have recently modified their holdings of the company. Fiera Capital Corp increased its position in H World Group by 87.1% in the third quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock worth $2,091,000 after purchasing an additional 26,175 shares during the last quarter. Headwater Capital Co Ltd purchased a new position in shares of H World Group in the 4th quarter worth $9,909,000. Nordea Investment Management AB increased its holdings in shares of H World Group by 11.2% in the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock worth $16,961,000 after buying an additional 51,213 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of H World Group during the 3rd quarter valued at about $24,915,000. Finally, Geode Capital Management LLC lifted its holdings in shares of H World Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock valued at $47,455,000 after acquiring an additional 11,684 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

About H World Group

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.