H World Group (NASDAQ:HTHT) Shares Gap Down – Here’s What Happened

H World Group Limited (NASDAQ:HTHT)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $32.08, but opened at $30.84. H World Group shares last traded at $30.87, with a volume of 153,398 shares traded.

Analyst Upgrades and Downgrades

HTHT has been the subject of several research analyst reports. Benchmark reduced their price target on shares of H World Group from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

H World Group Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The stock’s fifty day simple moving average is $32.58 and its 200-day simple moving average is $33.11. The company has a market capitalization of $10.51 billion, a P/E ratio of 20.03, a PEG ratio of 1.11 and a beta of 0.70.

H World Group (NASDAQ:HTHT) last released its earnings results on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a net margin of 15.97% and a return on equity of 30.41%. During the same quarter last year, the firm earned $0.56 EPS. On average, equities analysts forecast that H World Group Limited will post 1.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HTHT. Fiera Capital Corp increased its holdings in H World Group by 87.1% during the 3rd quarter. Fiera Capital Corp now owns 56,213 shares of the company’s stock valued at $2,091,000 after purchasing an additional 26,175 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in shares of H World Group in the fourth quarter valued at $9,909,000. Nordea Investment Management AB raised its holdings in shares of H World Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock valued at $16,961,000 after buying an additional 51,213 shares during the last quarter. TT International Asset Management LTD acquired a new stake in H World Group during the 3rd quarter worth $24,915,000. Finally, Geode Capital Management LLC raised its position in shares of H World Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock valued at $47,455,000 after acquiring an additional 11,684 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

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.