Wolverine Asset Management LLC Reduces Position in H World Group Limited (NASDAQ:HTHT)

Wolverine Asset Management LLC decreased its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 87.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 884 shares of the company’s stock after selling 6,000 shares during the period. Wolverine Asset Management LLC’s holdings in H World Group were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new stake in H World Group in the third quarter worth $72,809,000. Schroder Investment Management Group increased its stake in H World Group by 5.3% in the 3rd quarter. Schroder Investment Management Group now owns 15,350,066 shares of the company’s stock worth $605,253,000 after buying an additional 766,303 shares during the period. Broad Peak Investment Holdings Ltd. lifted its holdings in H World Group by 110.7% during the 3rd quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock valued at $53,656,000 after buying an additional 714,801 shares in the last quarter. Zeal Asset Management Ltd purchased a new stake in H World Group in the 3rd quarter valued at about $26,282,000. Finally, Nordea Investment Management AB grew its stake in H World Group by 344.7% in the 4th quarter. Nordea Investment Management AB now owns 367,343 shares of the company’s stock worth $12,324,000 after acquiring an additional 284,742 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Trading Up 0.8 %

Shares of NASDAQ HTHT opened at $40.06 on Monday. The business has a fifty day moving average price of $38.06 and a 200 day moving average price of $35.71. H World Group Limited has a 1-year low of $30.20 and a 1-year high of $48.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $13.08 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92.

H World Group (NASDAQ:HTHT) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. H World Group had a net margin of 18.62% and a return on equity of 31.50%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $759.99 million. Equities research analysts expect that H World Group Limited will post 1.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on HTHT shares. Macquarie assumed coverage on shares of H World Group in a research note on Friday, April 19th. They set an “outperform” rating and a $48.00 price target for the company. JPMorgan Chase & Co. lifted their target price on H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. CLSA initiated coverage on H World Group in a research report on Friday. They set a “buy” rating and a $47.00 price target on the stock. Benchmark restated a “buy” rating and set a $64.00 price target on shares of H World Group in a research note on Friday, March 22nd. Finally, Bank of America lowered their price objective on shares of H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.40.

H World Group Profile

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.