Victory Capital Management Inc. Sells 843,935 Shares of H World Group Limited (NASDAQ:HTHT)

Victory Capital Management Inc. decreased its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 93.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 63,911 shares of the company's stock after selling 843,935 shares during the period. Victory Capital Management Inc.'s holdings in H World Group were worth $2,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new position in shares of H World Group during the 1st quarter worth approximately $2,717,000. DekaBank Deutsche Girozentrale grew its stake in shares of H World Group by 7.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company's stock worth $11,153,000 after buying an additional 21,938 shares during the last quarter. Fiera Capital Corp grew its stake in shares of H World Group by 87.1% in the 3rd quarter. Fiera Capital Corp now owns 56,213 shares of the company's stock worth $2,091,000 after buying an additional 26,175 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of H World Group by 47,317.1% in the 2nd quarter. Van ECK Associates Corp now owns 97,205 shares of the company's stock worth $3,239,000 after buying an additional 97,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of H World Group by 30.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company's stock worth $7,164,000 after buying an additional 50,128 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

Shares of NASDAQ:HTHT traded down $0.79 during trading on Monday, hitting $35.01. The company's stock had a trading volume of 1,333,869 shares, compared to its average volume of 1,857,175. The company has a 50-day moving average of $36.64 and a 200-day moving average of $34.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.09 and a beta of 0.77. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98.

Analyst Upgrades and Downgrades

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

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.