Mackenzie Financial Corp Acquires 2,784 Shares of H World Group Limited (NASDAQ:HTHT)

Mackenzie Financial Corp increased its position in shares of H World Group Limited (NASDAQ:HTHTGet Rating) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,010 shares of the company’s stock after acquiring an additional 2,784 shares during the quarter. Mackenzie Financial Corp’s holdings in H World Group were worth $2,553,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HTHT. Parallel Advisors LLC raised its stake in shares of H World Group by 57.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,082 shares of the company’s stock worth $41,000 after acquiring an additional 395 shares in the last quarter. Quadrant Capital Group LLC grew its position in H World Group by 19.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,394 shares of the company’s stock worth $79,000 after purchasing an additional 398 shares during the last quarter. Signaturefd LLC grew its position in H World Group by 60.5% during the 1st quarter. Signaturefd LLC now owns 3,816 shares of the company’s stock worth $126,000 after purchasing an additional 1,439 shares during the last quarter. Trivest Advisors Ltd purchased a new stake in H World Group during the 1st quarter worth approximately $128,000. Finally, Desjardins Global Asset Management Inc. grew its position in H World Group by 10.7% during the 2nd quarter. Desjardins Global Asset Management Inc. now owns 3,608 shares of the company’s stock worth $137,000 after purchasing an additional 349 shares during the last quarter. Institutional investors own 45.56% of the company’s stock.

H World Group Stock Down 4.9 %

Shares of NASDAQ:HTHT opened at $35.53 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.61 and a debt-to-equity ratio of 0.69. H World Group Limited has a fifty-two week low of $21.98 and a fifty-two week high of $48.42. The firm’s 50 day moving average price is $33.43 and its 200 day moving average price is $34.62. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of -44.97 and a beta of 0.93.

H World Group (NASDAQ:HTHTGet Rating) last released its quarterly earnings data on Monday, August 29th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). H World Group had a negative return on equity of 15.16% and a negative net margin of 12.25%. The company had revenue of $504.00 million for the quarter, compared to analyst estimates of $510.18 million. As a group, equities research analysts predict that H World Group Limited will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HTHT has been the topic of several research analyst reports. HSBC dropped their target price on shares of H World Group from $52.20 to $46.90 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. StockNews.com cut shares of H World Group from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, H World Group has an average rating of “Moderate Buy” and an average target price of $45.97.

H World Group Profile

(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.

Further Reading

Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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