Broad Peak Investment Advisers Pte Ltd Has $43.54 Million Stock Position in H World Group Limited (NASDAQ:HTHT)

Broad Peak Investment Advisers Pte Ltd cut its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,170,359 shares of the company's stock after selling 238,442 shares during the period. H World Group accounts for 13.4% of Broad Peak Investment Advisers Pte Ltd's investment portfolio, making the stock its 2nd biggest position. Broad Peak Investment Advisers Pte Ltd owned approximately 0.36% of H World Group worth $43,537,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HTHT. California State Teachers Retirement System raised its holdings in shares of H World Group by 1.8% during the first quarter. California State Teachers Retirement System now owns 36,662 shares of the company's stock valued at $1,419,000 after purchasing an additional 636 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in H World Group by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 67,004 shares of the company's stock valued at $2,493,000 after purchasing an additional 950 shares during the last quarter. Blue Trust Inc. raised its holdings in H World Group by 716.7% in the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company's stock worth $41,000 after purchasing an additional 1,075 shares during the period. US Bancorp DE lifted its position in shares of H World Group by 9.3% during the 1st quarter. US Bancorp DE now owns 18,964 shares of the company's stock valued at $734,000 after buying an additional 1,609 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in H World Group by 10.4% in the 2nd quarter. Sei Investments Co. now owns 25,474 shares of the company's stock valued at $849,000 after purchasing an additional 2,392 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

H World Group Trading Down 1.8 %

NASDAQ:HTHT traded down $0.64 during mid-day trading on Thursday, reaching $35.36. The company's stock had a trading volume of 962,727 shares, compared to its average volume of 1,870,368. The company's fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $34.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The stock has a market cap of $11.55 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.09 and a beta of 0.77.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million for the quarter, compared to analysts' expectations of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. On average, equities analysts predict that H World Group Limited will post 1.77 EPS for the current year.

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.