H World Group (NASDAQ:HTHT) Upgraded at Wall Street Zen

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

Several other analysts have also commented on the company. Weiss Ratings raised H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Benchmark reiterated a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, H World Group presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

H World Group Stock Performance

NASDAQ HTHT opened at $41.77 on Friday. H World Group has a twelve month low of $36.56 and a twelve month high of $56.63. 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 stock has a market cap of $12.85 billion, a P/E ratio of 18.40, a PEG ratio of 1.49 and a beta of 0.14. The company’s 50-day simple moving average is $44.23 and its 200 day simple moving average is $45.74.

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

H World Group Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a $0.87 dividend. This represents a dividend yield of 394.0%. This is a decrease from H World Group’s previous dividend of $1.30. The ex-dividend date was Tuesday, September 8th. H World Group’s dividend payout ratio is presently 74.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HTHT. Capital International Investors increased its holdings in H World Group by 71.8% during the 4th 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 in the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in shares of 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 purchasing an additional 1,228,617 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of H World Group by 11.1% during the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock worth $70,013,000 after purchasing an additional 139,300 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of H World Group by 44.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after buying an additional 365,659 shares in the last quarter. Finally, Capital International Inc. CA increased its stake in shares of H World Group by 406.9% in the fourth quarter. Capital International Inc. CA now owns 840,173 shares of the company’s stock valued at $39,530,000 after buying an additional 674,438 shares in the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Company Profile

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.