H World Group (NASDAQ:HTHT) Sees Large Volume Increase

Shares of H World Group Limited (NASDAQ:HTHT – Get Rating) saw an uptick in trading volume on Tuesday . 41,353 shares traded hands during trading, a decline of 96% from the previous session’s volume of 1,026,110 shares.The stock last traded at $44.37 and had previously closed at $43.80.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HTHT. HSBC upped their price objective on H World Group from $45.10 to $57.20 in a research report on Wednesday. StockNews.com upgraded H World Group from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Finally, The Goldman Sachs Group upgraded H World Group from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $49.40.

H World Group Stock Up 3.0 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 0.70 and a quick ratio of 0.69. The company has a market capitalization of $14.64 billion, a P/E ratio of -43.75 and a beta of 0.99. The stock has a 50-day moving average price of $39.80 and a 200-day moving average price of $37.41.

H World Group (NASDAQ:HTHT – Get Rating) last issued its quarterly earnings data on Monday, November 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.27). H World Group had a negative return on equity of 21.89% and a negative net margin of 15.98%. The company had revenue of $575.00 million for the quarter, compared to the consensus estimate of $573.77 million. During the same quarter last year, the business earned ($0.07) earnings per share. On average, research analysts predict that H World Group Limited will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On H World Group

Several large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new stake in H World Group during the fourth quarter worth approximately $50,000. M&T Bank Corp grew its stake in H World Group by 0.4% during the third quarter. M&T Bank Corp now owns 66,537 shares of the company’s stock worth $2,232,000 after purchasing an additional 236 shares during the period. Bank of New York Mellon Corp grew its stake in H World Group by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 255,161 shares of the company’s stock worth $8,559,000 after purchasing an additional 3,692 shares during the period. California State Teachers Retirement System grew its stake in H World Group by 5.9% during the third quarter. California State Teachers Retirement System now owns 45,597 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,552 shares during the period. Finally, National Pension Service grew its stake in H World Group by 1.2% during the third quarter. National Pension Service now owns 37,523 shares of the company’s stock worth $1,307,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 44.79% of the company’s stock.

About H World Group

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H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.