H World Group (NASDAQ:HTHT) Sets New 12-Month Low at $29.43

Shares of H World Group Limited (NASDAQ:HTHT) hit a new 52-week low during trading on Tuesday . The company traded as low as $29.43 and last traded at $29.65, with a volume of 160214 shares traded. The stock had previously closed at $30.15.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HTHT. CLSA began coverage on H World Group in a research report on Friday, April 26th. They set a “buy” rating and a $47.00 price objective on the stock. Macquarie began coverage on H World Group in a research report on Friday, April 19th. They set an “outperform” rating and a $48.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

H World Group Stock Down 4.8 %

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.32 billion, a P/E ratio of 17.86, a PEG ratio of 1.04 and a beta of 0.76. The business has a 50-day simple moving average of $33.47 and a two-hundred day simple moving average of $35.72.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Friday, May 17th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $731.00 million during the quarter. H World Group had a return on equity of 28.59% and a net margin of 16.47%. Equities research analysts forecast that H World Group Limited will post 1.85 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.63 per share. This represents a dividend yield of 3.9%. The ex-dividend date is Wednesday, August 14th. H World Group’s dividend payout ratio (DPR) is presently 37.27%.

Hedge Funds Weigh In On H World Group

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after acquiring an additional 1,075 shares during the period. AdvisorShares Investments LLC bought a new stake in H World Group during the 4th quarter worth approximately $177,000. NewEdge Wealth LLC bought a new position in shares of H World Group during the 4th quarter worth approximately $221,000. Vestmark Advisory Solutions Inc. bought a new position in shares of H World Group during the 4th quarter worth approximately $221,000. Finally, Panagora Asset Management Inc. grew its stake in shares of H World Group by 28.1% in the fourth quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock valued at $231,000 after buying an additional 1,517 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Company Profile

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.