H World Group (NASDAQ:HTHT) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of H World Group (NASDAQ:HTHT) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other brokerages have also commented on HTHT. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Benchmark reiterated a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Finally, Weiss Ratings raised H World Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Stock Performance

Shares of HTHT opened at $45.77 on Friday. The firm has a fifty day moving average of $43.63 and a 200-day moving average of $47.25. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. H World Group has a 1 year low of $36.48 and a 1 year high of $56.63.

H World Group (NASDAQ:HTHT) last released its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. As a group, equities analysts anticipate that H World Group will post 2.6 earnings per share for the current year.

H World Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.87 dividend. The ex-dividend date is Tuesday, September 8th. This represents a yield of 373.0%. H World Group’s payout ratio is 112.78%.

Institutional Investors Weigh In On H World Group

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its stake in shares of H World Group by 7,047.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,834,277 shares of the company’s stock worth $159,966,000 after purchasing an additional 3,780,635 shares during the last quarter. Capital International Investors lifted its stake in H World Group by 71.8% during the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after purchasing an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in H World Group by 49.6% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after buying an additional 1,228,617 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in H World Group by 359.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock worth $44,495,000 after buying an additional 889,869 shares in the last quarter. Finally, True Light Capital Pte. Ltd. acquired a new position in H World Group in the fourth quarter worth approximately $37,602,000. 46.41% of the stock is owned by institutional investors and hedge funds.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.