H World Group Limited (NASDAQ:HTHT) Stock Holdings Reduced by Bank of Montreal Can

Bank of Montreal Can cut its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,529 shares of the company's stock after selling 52,160 shares during the quarter. Bank of Montreal Can's holdings in H World Group were worth $725,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTHT. Public Sector Pension Investment Board raised its holdings in shares of H World Group by 724.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company's stock worth $19,022,000 after purchasing an additional 501,634 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of H World Group in the second quarter valued at $568,000. Sei Investments Co. lifted its position in shares of H World Group by 10.4% during the 2nd quarter. Sei Investments Co. now owns 25,474 shares of the company's stock valued at $849,000 after acquiring an additional 2,392 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of H World Group by 2.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 166,373 shares of the company's stock worth $5,544,000 after acquiring an additional 3,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of H World Group by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company's stock worth $18,631,000 after acquiring an additional 7,572 shares during the last quarter. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Thursday, August 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $47.80.

H World Group Stock Down 2.4 %

NASDAQ:HTHT traded down $1.00 during trading hours on Tuesday, hitting $40.45. 3,661,788 shares of the stock traded hands, compared to its average volume of 1,875,124. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 0.85 and a beta of 0.77. The firm has a 50 day moving average price of $30.90 and a 200 day moving average price of $34.42. 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 Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98.

H World Group (NASDAQ:HTHT - Get Free Report) last announced 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). 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 during the quarter, compared to analysts' expectations of $839.89 million. Equities research analysts anticipate that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were given 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%.

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.