H World Group (NASDAQ:HTHT) Downgraded to Hold Rating by Wall Street Zen

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

Other equities analysts have also recently issued research reports about the company. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded shares of H World Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Finally, Benchmark reissued a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Stock Performance

NASDAQ:HTHT opened at $43.44 on Friday. H World Group has a 52 week low of $36.56 and a 52 week high of $56.63. The company has a fifty day simple moving average of $43.94 and a two-hundred day simple moving average of $46.51. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.15.

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

H World Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $0.87 dividend. This represents a yield of 394.0%. The ex-dividend date of this dividend is Tuesday, September 8th. H World Group’s dividend payout ratio is 74.89%.

Institutional Trading of H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in shares of H World Group by 16.7% during the 1st quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock worth $89,000 after buying an additional 254 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of H World Group by 27.7% in the 1st quarter. iA Global Asset Management Inc. now owns 2,111 shares of the company’s stock valued at $106,000 after buying an additional 458 shares during the last quarter. Oddo BHF Asset Management Sas raised its stake in H World Group by 16.7% during the 1st quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company’s stock worth $246,000 after acquiring an additional 700 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in H World Group by 21.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company’s stock worth $204,000 after acquiring an additional 723 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in H World Group by 12.0% in the second quarter. Confluence Investment Management LLC now owns 6,855 shares of the company’s stock valued at $286,000 after acquiring an additional 733 shares during 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 (NASDAQ: HTHT) is a global hospitality company that develops, operates and franchises hotels. The company provides accommodation and related services to business and leisure travelers through a portfolio spanning economy, midscale, upscale and luxury segments.

In China, H World’s brands include HanTing Hotel, Hi Inn, Ji Hotel, Starway, Orange Hotel and Crystal Orange. Through its international operations, the company also operates brands such as Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.