H World Group (NASDAQ:HTHT) Shares Gap Down to $38.79

H World Group Limited (NASDAQ:HTHTGet Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $38.79, but opened at $37.61. H World Group shares last traded at $37.79, with a volume of 528 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. HSBC lowered their price objective on H World Group from $52.20 to $46.90 and set a “buy” rating for the company in a report on Wednesday, August 31st. StockNews.com lowered H World Group from a “hold” rating to a “sell” rating in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.97.

H World Group Price Performance

The company has a market capitalization of $12.03 billion, a P/E ratio of -47.32 and a beta of 0.93. The company has a fifty day moving average price of $33.44 and a 200 day moving average price of $34.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.61 and a quick ratio of 0.60.

H World Group (NASDAQ:HTHTGet Rating) last posted its earnings results on Monday, August 29th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The company had revenue of $504.00 million for the quarter, compared to the consensus estimate of $510.18 million. H World Group had a negative net margin of 12.25% and a negative return on equity of 15.16%. On average, sell-side analysts forecast that H World Group Limited will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On H World Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. National Pension Service boosted its position in shares of H World Group by 1.2% during the third quarter. National Pension Service now owns 37,523 shares of the company’s stock worth $1,307,000 after buying an additional 454 shares during the period. Balyasny Asset Management LLC boosted its position in shares of H World Group by 139.6% during the third quarter. Balyasny Asset Management LLC now owns 69,659 shares of the company’s stock worth $2,336,000 after buying an additional 40,583 shares during the period. Nomura Holdings Inc. boosted its position in shares of H World Group by 44.3% during the third quarter. Nomura Holdings Inc. now owns 57,156 shares of the company’s stock worth $1,917,000 after buying an additional 17,550 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of H World Group by 151.8% during the third quarter. Thrivent Financial for Lutherans now owns 52,469 shares of the company’s stock worth $1,760,000 after buying an additional 31,633 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in H World Group by 7.6% in the third quarter. UBS Asset Management Americas Inc. now owns 759,555 shares of the company’s stock worth $25,475,000 after purchasing an additional 53,535 shares during the period. 45.56% of the stock is currently owned by institutional investors and hedge funds.

About H World Group

(Get Rating)

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.

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