Public Sector Pension Investment Board Decreases Stock Holdings in H World Group Limited (NASDAQ:HTHT)

Public Sector Pension Investment Board lowered its position in H World Group Limited (NASDAQ:HTHT) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 566,787 shares of the company’s stock after selling 4,100 shares during the period. Public Sector Pension Investment Board owned approximately 0.17% of H World Group worth $21,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTHT. Blue Trust Inc. boosted its holdings in H World Group by 716.7% in the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after acquiring an additional 1,075 shares in the last quarter. Headlands Technologies LLC acquired a new stake in H World Group in the 2nd quarter worth approximately $91,000. Greenleaf Trust purchased a new stake in H World Group during the 3rd quarter worth approximately $210,000. Jupiter Asset Management Ltd. purchased a new stake in H World Group during the 2nd quarter worth approximately $373,000. Finally, Creative Planning increased its stake in H World Group by 22.6% during the 2nd quarter. Creative Planning now owns 12,964 shares of the company’s stock valued at $432,000 after purchasing an additional 2,394 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark dropped their price objective 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $46.80.

H World Group Trading Down 3.2 %

NASDAQ HTHT opened at $32.03 on Thursday. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $10.46 billion, a PE ratio of 19.53, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a fifty day moving average of $36.85 and a 200 day moving average of $33.98.

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.