Waverton Investment Management Ltd Invests $6.08 Million in H World Group Limited (NASDAQ:HTHT)

Waverton Investment Management Ltd bought a new position in H World Group Limited (NASDAQ:HTHT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 183,900 shares of the company's stock, valued at approximately $6,076,000. Waverton Investment Management Ltd owned 0.06% of H World Group at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in shares of H World Group by 3.8% in the 4th quarter. Handelsbanken Fonder AB now owns 69,576 shares of the company's stock worth $2,298,000 after buying an additional 2,572 shares during the period. Rhumbline Advisers lifted its stake in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock worth $1,146,000 after purchasing an additional 791 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of H World Group by 12.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,242 shares of the company's stock worth $1,077,000 after purchasing an additional 3,547 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of H World Group by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock worth $8,292,000 after purchasing an additional 131,189 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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H World Group Stock Down 1.7 %

NASDAQ:HTHT traded down $0.62 during mid-day trading on Thursday, hitting $36.37. 1,088,818 shares of the company's stock traded hands, compared to its average volume of 2,065,032. The company has a fifty day moving average of $33.20 and a 200 day moving average of $33.72. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a market capitalization of $11.40 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same period last year, the business earned $0.56 earnings per share. On average, analysts forecast that H World Group Limited will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

HTHT has been the subject of a number of analyst reports. HSBC cut 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. Benchmark decreased their price objective on H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Hsbc Global Res lowered H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, H World Group has a consensus rating of "Moderate Buy" and an average target price of $44.40.

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.