Fiera Capital Corp Boosts Stock Position in H World Group Limited (NASDAQ:HTHT)

Fiera Capital Corp increased its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 87.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 56,213 shares of the company's stock after acquiring an additional 26,175 shares during the period. Fiera Capital Corp's holdings in H World Group were worth $2,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. abrdn plc increased its holdings in H World Group by 38.9% during the 3rd quarter. abrdn plc now owns 112,279 shares of the company's stock worth $4,263,000 after purchasing an additional 31,431 shares during the period. Greenleaf Trust purchased a new position in H World Group during the 3rd quarter worth $210,000. Blue Trust Inc. increased its holdings in H World Group by 293.2% during the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the company's stock worth $179,000 after purchasing an additional 3,592 shares during the period. Creative Planning increased its holdings in H World Group by 62.6% during the 3rd quarter. Creative Planning now owns 21,075 shares of the company's stock worth $784,000 after purchasing an additional 8,111 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in H World Group by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock worth $2,493,000 after purchasing an additional 950 shares during the period. 46.41% of the stock is owned by institutional investors.

H World Group Stock Down 2.1 %

Shares of NASDAQ:HTHT traded down $0.81 on Friday, reaching $37.00. The company had a trading volume of 1,665,224 shares, compared to its average volume of 1,922,768. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The firm's 50 day simple moving average is $35.36 and its 200-day simple moving average is $34.31. The firm has a market capitalization of $12.08 billion, a PE ratio of 22.56, a PEG ratio of 1.11 and a beta of 0.77. 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 (NASDAQ:HTHT - Get Free Report) last announced its 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). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The business had revenue of $846.00 million for the quarter, compared to analysts' expectations of $839.89 million. As a group, analysts expect that H World Group Limited will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price target on H World Group from $64.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, H World Group currently has a consensus rating of "Buy" and an average target price of $47.80.

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.