H World Group Limited (NASDAQ:HTHT) Shares Sold by Summit Global Investments

Summit Global Investments reduced its stake in shares of H World Group Limited (NASDAQ:HTHT) by 44.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,501 shares of the company’s stock after selling 14,233 shares during the quarter. Summit Global Investments’ holdings in H World Group were worth $578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares during the last quarter. Rhumbline Advisers boosted its position in shares of H World Group by 2.3% in the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock valued at $1,146,000 after purchasing an additional 791 shares during the period. US Bancorp DE boosted its position in shares of H World Group by 21.2% in the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after purchasing an additional 845 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after buying an additional 936 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in H World Group during the 4th quarter worth approximately $33,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HTHT has been the topic of a number of research reports. Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research report on Wednesday, February 5th. Finally, Benchmark lowered their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.68.

H World Group Trading Down 0.3 %

Shares of HTHT stock opened at $37.60 on Monday. The business’s 50 day moving average is $34.63 and its two-hundred day moving average is $34.69. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.78 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70.

H World Group Profile

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.