Crestwood Capital Management L.P. Sells 88,739 Shares of H World Group Limited (NASDAQ:HTHT)

Crestwood Capital Management L.P. lessened its holdings in H World Group Limited (NASDAQ:HTHT - Free Report) by 28.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,988 shares of the company's stock after selling 88,739 shares during the quarter. H World Group makes up about 6.4% of Crestwood Capital Management L.P.'s holdings, making the stock its 7th largest position. Crestwood Capital Management L.P. owned 0.07% of H World Group worth $8,258,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of H World Group by 716.7% during 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 in the last quarter. Headlands Technologies LLC purchased a new position in H World Group during the second quarter worth about $91,000. Greenleaf Trust acquired a new stake in H World Group in the 3rd quarter worth about $210,000. Jupiter Asset Management Ltd. purchased a new position in H World Group in the 2nd quarter valued at about $373,000. Finally, Creative Planning lifted its stake in shares of H World Group by 22.6% in the second quarter. Creative Planning now owns 12,964 shares of the company's stock worth $432,000 after acquiring an additional 2,394 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark dropped their price objective 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, H World Group has a consensus rating of "Buy" and a consensus price target of $47.80.

H World Group Price Performance

HTHT stock traded down $2.01 on Tuesday, hitting $33.16. 2,605,863 shares of the company's stock traded hands, compared to its average volume of 1,867,624. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.09 and a beta of 0.77. The stock has a fifty day moving average of $36.77 and a 200-day moving average of $34.03.

H World Group 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.