H World Group (NASDAQ:HTHT) Shares Gap Up to $29.63

Shares of H World Group Limited (NASDAQ:HTHT - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $29.63, but opened at $31.43. H World Group shares last traded at $31.50, with a volume of 446,476 shares traded.

Wall Street Analyst Weigh In

Separately, Benchmark cut their target price on shares of H World Group from $64.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, H World Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.80.

H World Group Price Performance

The company has a 50 day moving average price of $29.51 and a 200-day moving average price of $34.43. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.12 and a beta of 0.76. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $839.89 million. H World Group had a net margin of 16.32% and a return on equity of 29.32%. As a group, equities research analysts predict that H World Group Limited will post 1.74 EPS for the current fiscal year.

H World Group Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.63 per share. This represents a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, August 14th. H World Group's payout ratio is presently 75.16%.

Institutional Investors Weigh In On H World Group

Several institutional investors and hedge funds have recently made changes to their positions in HTHT. Capital Fund Management S.A. boosted its holdings in H World Group by 98.7% in the fourth quarter. Capital Fund Management S.A. now owns 209,506 shares of the company's stock valued at $7,006,000 after acquiring an additional 104,068 shares during the last quarter. Generation Investment Management LLP boosted its stake in shares of H World Group by 19.8% in the 4th quarter. Generation Investment Management LLP now owns 1,222,257 shares of the company's stock valued at $40,872,000 after purchasing an additional 201,587 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of H World Group by 137.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 37,981 shares of the company's stock worth $1,270,000 after buying an additional 21,979 shares during the period. Canada Pension Plan Investment Board raised its stake in H World Group by 80.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company's stock worth $58,067,000 after buying an additional 669,200 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in H World Group by 18.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company's stock worth $5,197,000 after buying an additional 20,500 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

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.