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

Broad Peak Investment Advisers Pte Ltd lowered its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,879 shares of the company’s stock after selling 594,480 shares during the quarter. H World Group makes up 9.6% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 4th biggest holding. Broad Peak Investment Advisers Pte Ltd’s holdings in H World Group were worth $19,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HTHT. Daiwa Securities Group Inc. bought a new stake in H World Group in the 4th quarter worth approximately $33,000. US Bancorp DE boosted its holdings in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after acquiring an additional 845 shares during the period. Blue Trust Inc. grew its holdings in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of H World Group during the fourth quarter worth approximately $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after purchasing an additional 936 shares during the period. Institutional investors own 46.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. HSBC lowered shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research note on Wednesday, February 5th. Finally, Benchmark cut their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.68.

H World Group Stock Down 0.9 %

Shares of HTHT opened at $37.71 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a market cap of $11.82 billion, a P/E ratio of 22.85, a PEG ratio of 1.28 and a beta of 0.70. The stock’s 50 day moving average is $34.49 and its two-hundred day moving average is $34.57. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98.

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.