H World Group (NASDAQ:HTHT) Trading Up 3.1%

H World Group Limited (NASDAQ:HTHT)’s stock price shot up 3.1% during trading on Thursday . The stock traded as high as $29.41 and last traded at $29.39. 44,623 shares were traded during trading, a decline of 98% from the average session volume of 1,804,819 shares. The stock had previously closed at $28.52.

Analyst Ratings Changes

HTHT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. CLSA started coverage on shares of H World Group in a report on Friday, April 26th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Benchmark decreased their price objective on shares of H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, H World Group has a consensus rating of “Moderate Buy” and a consensus target price of $47.80.

H World Group Stock Up 1.7 %

The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.70 and a quick ratio of 0.69. The firm’s fifty day moving average is $31.20 and its 200-day moving average is $35.33.

H World Group Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a dividend yield of 3.9%. H World Group’s payout ratio is 75.16%.

Hedge Funds Weigh In On H World Group

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after buying an additional 1,075 shares during the last quarter. Headlands Technologies LLC bought a new stake in H World Group during the second quarter valued at $91,000. AdvisorShares Investments LLC acquired a new stake in shares of H World Group during the fourth quarter worth $177,000. Vestmark Advisory Solutions Inc. bought a new position in shares of H World Group in the 4th quarter worth about $221,000. Finally, Panagora Asset Management Inc. boosted its holdings in shares of H World Group by 28.1% in the 4th 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 during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.