H World Group Limited Sponsored ADR $HTHT Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 26.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 108,919 shares of the company’s stock after selling 39,109 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in H World Group were worth $5,478,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors lifted its position in shares of H World Group by 71.8% in the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock valued at $392,143,000 after acquiring an additional 3,483,760 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its position in H World Group by 49.6% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company’s stock worth $174,263,000 after purchasing an additional 1,228,617 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in H World Group by 359.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,137,700 shares of the company’s stock worth $44,495,000 after purchasing an additional 889,869 shares in the last quarter. True Light Capital Pte. Ltd. acquired a new position in H World Group in the 4th quarter valued at about $37,602,000. Finally, Capital International Inc. CA raised its stake in H World Group by 406.9% in the 4th quarter. Capital International Inc. CA now owns 840,173 shares of the company’s stock valued at $39,530,000 after purchasing an additional 674,438 shares during the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Trading Up 0.1%

NASDAQ HTHT opened at $42.34 on Thursday. H World Group Limited Sponsored ADR has a 12 month low of $30.72 and a 12 month high of $56.63. The company has a 50-day moving average of $42.69 and a 200-day moving average of $47.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $13.02 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.53 and a beta of 0.15.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HTHT. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, H World Group currently has an average rating of “Moderate Buy” and an average price target of $61.20.

H World Group Company 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.