Strs Ohio Reduces Holdings in H World Group Limited Sponsored ADR $HTHT

Strs Ohio decreased its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 42.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,600 shares of the company’s stock after selling 42,000 shares during the period. Strs Ohio’s holdings in H World Group were worth $2,253,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HTHT. Nordea Investment Management AB raised its position in shares of H World Group by 40.2% in the 2nd quarter. Nordea Investment Management AB now owns 790,947 shares of the company’s stock worth $26,865,000 after acquiring an additional 226,865 shares in the last quarter. Rovida Advisors Inc. bought a new stake in shares of H World Group during the second quarter valued at approximately $8,480,000. US Bancorp DE grew its stake in H World Group by 221.3% in the second quarter. US Bancorp DE now owns 21,207 shares of the company’s stock worth $719,000 after purchasing an additional 14,607 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in H World Group in the third quarter worth $415,000. Finally, Schroder Investment Management Group lifted its position in H World Group by 95.0% during the second quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after buying an additional 6,082,369 shares during the period. 46.41% of the stock is owned by institutional investors.

H World Group Trading Up 0.7%

Shares of NASDAQ HTHT opened at $50.53 on Wednesday. The firm’s 50 day moving average price is $48.07 and its 200-day moving average price is $40.84. H World Group Limited Sponsored ADR has a 52-week low of $30.20 and a 52-week high of $51.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $15.56 billion, a PE ratio of 29.04, a P/E/G ratio of 1.17 and a beta of 0.14.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HTHT. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. HSBC raised H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Finally, Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $42.13.

H World Group Profile

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.