Hotel101 Global (NASDAQ:HBNB) Hits New 1-Year High – Here’s What Happened

Hotel101 Global Holdings Corp. (NASDAQ:HBNB)’s share price hit a new 52-week high on Thursday . The stock traded as high as $9.94 and last traded at $9.89, with a volume of 9344 shares changing hands. The stock had previously closed at $9.46.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings initiated coverage on shares of Hotel101 Global in a research note on Monday, January 5th. They set a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Hotel101 Global Trading Up 3.2%

The stock has a 50-day simple moving average of $7.25.

Hedge Funds Weigh In On Hotel101 Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBNB. Yakira Capital Management Inc. acquired a new stake in shares of Hotel101 Global in the third quarter worth $32,000. Citadel Advisors LLC acquired a new position in Hotel101 Global in the 3rd quarter valued at $43,000. Hudson Bay Capital Management LP bought a new position in Hotel101 Global in the 3rd quarter worth $62,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Hotel101 Global during the 3rd quarter worth $88,000.

About Hotel101 Global

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.