Broad Peak Investment Advisers Pte Ltd Trims Position in H World Group Limited (NASDAQ:HTHT)

Broad Peak Investment Advisers Pte Ltd decreased its position in H World Group Limited (NASDAQ:HTHT) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,170,359 shares of the company’s stock after selling 238,442 shares during the period. H World Group makes up 13.4% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 2nd largest position. Broad Peak Investment Advisers Pte Ltd’s holdings in H World Group were worth $43,537,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of H World Group by 716.7% in the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after buying an additional 1,075 shares during the period. Headlands Technologies LLC bought a new stake in H World Group in the 2nd quarter valued at $91,000. Greenleaf Trust acquired a new position in H World Group in the 3rd quarter worth $210,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in H World Group during the 1st quarter worth about $394,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of H World Group in the 2nd quarter valued at about $373,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Up 0.2 %

Shares of HTHT stock opened at $36.00 on Thursday. The firm has a market capitalization of $11.76 billion, a P/E ratio of 21.95, a PEG ratio of 1.09 and a beta of 0.77. The firm’s fifty day moving average price is $35.74 and its two-hundred day moving average price is $34.27. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. On average, equities analysts predict that H World Group Limited will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reduced their price objective on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $47.80.

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.