Central Asset Investments & Management Holdings HK Ltd Purchases New Stake in H World Group Limited (NASDAQ:HTHT)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 48,360 shares of the company's stock, valued at approximately $1,597,000. H World Group makes up about 1.0% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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. Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 buying an additional 936 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of H World Group in the 3rd quarter valued at about $418,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of H World Group in the third quarter valued at about $450,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of H World Group during the third quarter worth about $489,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HTHT has been the topic of several analyst reports. Benchmark reduced their target price on H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. HSBC lowered shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective on the stock. in a research note on Wednesday, February 5th. Finally, Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and an average price target of $44.40.

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H World Group Trading Down 1.3 %

Shares of NASDAQ:HTHT traded down $0.48 during mid-day trading on Friday, hitting $35.89. The company had a trading volume of 2,203,116 shares, compared to its average volume of 2,068,572. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The firm has a fifty day moving average price of $33.25 and a 200 day moving average price of $33.80. The company has a market capitalization of $11.25 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70.

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.