AI Squared Management Ltd Makes New Investment in H World Group Limited Sponsored ADR $HTHT

AI Squared Management Ltd bought a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,600 shares of the company’s stock, valued at approximately $1,158,000. H World Group accounts for 1.2% of AI Squared Management Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after buying an additional 968 shares during the last quarter. Osaic Holdings Inc. boosted its stake in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after buying an additional 2,037 shares during the period. Tower Research Capital LLC TRC increased its position in shares of H World Group by 1,307.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock valued at $92,000 after acquiring an additional 2,523 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of H World Group during the second quarter valued at about $174,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Stock Down 2.1%

Shares of NASDAQ:HTHT opened at $50.51 on Friday. The firm has a market capitalization of $15.55 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.13 and a beta of 0.11. H World Group Limited Sponsored ADR has a 1 year low of $30.20 and a 1 year high of $56.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The firm’s 50-day moving average is $50.82 and its two-hundred day moving average is $44.61.

Analysts Set New Price Targets

Several brokerages have recently commented on HTHT. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Benchmark upped their price target on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.