H World Group Limited (NASDAQ:HTHT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of H World Group Limited (NASDAQ:HTHT – Get Rating) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,513 shares of the company’s stock after selling 13,956 shares during the period. Thrivent Financial for Lutherans’ holdings in H World Group were worth $1,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTHT. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of H World Group by 134.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 104,616 shares of the company’s stock valued at $3,200,000 after acquiring an additional 59,968 shares during the period. APG Asset Management N.V. raised its stake in shares of H World Group by 6.4% during the 1st quarter. APG Asset Management N.V. now owns 24,993 shares of the company’s stock worth $741,000 after buying an additional 1,500 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of H World Group by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 147,700 shares of the company’s stock worth $5,046,000 after buying an additional 11,200 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of H World Group during the 1st quarter worth $283,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of H World Group by 57.3% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,160 shares of the company’s stock worth $3,865,000 after buying an additional 42,660 shares during the last quarter. 44.79% of the stock is currently owned by institutional investors and hedge funds.

H World Group Trading Up 0.3 %

Shares of HTHT stock opened at $41.62 on Friday. The firm has a 50-day moving average price of $46.74 and a 200 day moving average price of $44.91. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of -47.84 and a beta of 1.00. H World Group Limited has a twelve month low of $24.38 and a twelve month high of $53.52.

H World Group (NASDAQ:HTHT – Get Rating) last issued its quarterly earnings results on Monday, March 27th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $537.00 million during the quarter, compared to analyst estimates of $564.11 million. H World Group had a negative net margin of 13.29% and a negative return on equity of 19.83%. Research analysts forecast that H World Group Limited will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on HTHT shares. Benchmark lifted their price objective on H World Group from $45.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, March 28th. TheStreet upgraded H World Group from a “d+” rating to a “c-” rating in a research report on Monday, January 30th. Finally, StockNews.com downgraded H World Group from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.60.

H World Group Company Profile

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H World Group Ltd. is engaged in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands are composed of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.