H World Group (NASDAQ:HTHT) Raised to Strong-Buy at Hsbc Global Res

H World Group (NASDAQ:HTHT) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

HTHT has been the topic of a number of other reports. Zacks Research upgraded H World Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of H World Group in a research report on Tuesday, October 14th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, HSBC raised H World Group from a “hold” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, H World Group has an average rating of “Moderate Buy” and a consensus price target of $40.80.

H World Group Stock Up 0.3%

NASDAQ:HTHT opened at $38.74 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $37.60 and a 200-day moving average of $35.41. The firm has a market capitalization of $11.92 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. H World Group has a 52 week low of $30.13 and a 52 week high of $40.56.

Hedge Funds Weigh In On H World Group

A number of hedge funds have recently modified their holdings of HTHT. Nordea Investment Management AB lifted its stake in H World Group by 1.6% during the third quarter. Nordea Investment Management AB now owns 803,801 shares of the company’s stock valued at $31,356,000 after buying an additional 12,854 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of H World Group by 1.4% during the third quarter. Asset Management One Co. Ltd. now owns 33,228 shares of the company’s stock valued at $1,300,000 after acquiring an additional 466 shares during the period. DAVENPORT & Co LLC lifted its position in shares of H World Group by 14.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 51,258 shares of the company’s stock valued at $2,005,000 after acquiring an additional 6,427 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in H World Group by 145.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 20,856 shares of the company’s stock worth $818,000 after purchasing an additional 12,349 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in H World Group during the 3rd quarter worth approximately $232,000. 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.