H World Group (NASDAQ:HTHT) Shares Gap Down to $41.98

H World Group Limited (NASDAQ:HTHT – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at $41.98, but opened at $40.95. H World Group shares last traded at $40.42, with a volume of 56,864 shares.

Analyst Ratings Changes

HTHT has been the subject of several analyst reports. TheStreet raised H World Group from a “d+” rating to a “c-” rating in a research note on Monday, January 30th. Benchmark boosted their price objective on shares of H World Group from $45.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, March 28th. Finally, StockNews.com cut shares of H World Group from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.60.

H World Group Stock Performance

The company has a debt-to-equity ratio of 1.04, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a 50 day moving average of $46.19 and a two-hundred day moving average of $45.05. The stock has a market capitalization of $12.19 billion, a PE ratio of -43.03 and a beta of 1.00.

H World Group (NASDAQ:HTHT – Get Rating) last announced its quarterly earnings results on Monday, March 27th. The company reported ($0.06) earnings per share (EPS) for the quarter. H World Group had a negative net margin of 13.29% and a negative return on equity of 19.83%. The company had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $564.11 million. Research analysts expect that H World Group Limited will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On H World Group

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its holdings in H World Group by 19.9% during the third quarter. Penserra Capital Management LLC now owns 25,447 shares of the company’s stock worth $853,000 after purchasing an additional 4,218 shares during the last quarter. Brinker Capital Investments LLC purchased a new stake in shares of H World Group in the 4th quarter worth about $930,000. Nuveen Asset Management LLC boosted its position in shares of H World Group by 2.4% in the 3rd quarter. Nuveen Asset Management LLC now owns 546,435 shares of the company’s stock worth $18,328,000 after buying an additional 12,900 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in H World Group by 8.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 78,802 shares of the company’s stock valued at $3,381,000 after acquiring an additional 6,300 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its holdings in H World Group by 446.7% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 32,800 shares of the company’s stock valued at $1,414,000 after acquiring an additional 26,800 shares in the last quarter. Hedge funds and other institutional investors own 44.79% of the company’s stock.

About H World Group

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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.