Penserra Capital Management LLC Trims Holdings in H World Group Limited (NASDAQ:HTHT)

Penserra Capital Management LLC lowered its stake in shares of H World Group Limited (NASDAQ:HTHT) by 19.3% in the third quarter, Holdings Channel reports. The institutional investor owned 13,298 shares of the company’s stock after selling 3,177 shares during the quarter. Penserra Capital Management LLC’s holdings in H World Group were worth $494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Sector Pension Investment Board grew its holdings in H World Group by 724.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock worth $19,022,000 after acquiring an additional 501,634 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in H World Group by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company’s stock worth $18,631,000 after purchasing an additional 7,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in H World Group by 6.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 507,892 shares of the company’s stock worth $18,894,000 after purchasing an additional 28,953 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in H World Group by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 348,775 shares of the company’s stock valued at $11,621,000 after buying an additional 7,998 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in H World Group by 7.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company’s stock valued at $11,153,000 after buying an additional 21,938 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark lowered their price target on H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, H World Group currently has a consensus rating of “Buy” and a consensus price target of $46.80.

H World Group Stock Down 3.2 %

NASDAQ:HTHT opened at $32.03 on Thursday. The firm has a market capitalization of $10.46 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $36.85 and a 200-day moving average of $33.98.

About H World Group

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.