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

H World Group Limited (NASDAQ:HTHT) gapped up before the market opened on Friday . The stock had previously closed at $36.83, but opened at $39.84. H World Group shares last traded at $38.19, with a volume of 313,207 shares.

Analysts Set New Price Targets

Separately, Benchmark decreased their price target on shares of H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, H World Group has an average rating of “Buy” and an average price target of $47.80.

H World Group Trading Up 3.0 %

The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.17 and a beta of 0.77. The firm’s 50-day moving average is $32.59 and its 200-day moving average is $34.53. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). H World Group had a net margin of 16.32% and a return on equity of 29.32%. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $839.89 million. As a group, sell-side analysts anticipate that H World Group Limited will post 1.81 EPS for the current fiscal year.

H World Group Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.63 per share. This represents a yield of 3.9%. The ex-dividend date was Wednesday, August 14th. H World Group’s dividend payout ratio is currently 75.16%.

Hedge Funds Weigh In On H World Group

A number of hedge funds have recently bought and sold shares of the company. Capital International Investors boosted its stake in shares of H World Group by 192.4% in the 1st quarter. Capital International Investors now owns 5,689,620 shares of the company’s stock worth $220,188,000 after buying an additional 3,744,106 shares during the last quarter. Canada Pension Plan Investment Board grew its position in H World Group by 80.5% during the first quarter. Canada Pension Plan Investment Board now owns 1,500,432 shares of the company’s stock valued at $58,067,000 after buying an additional 669,200 shares during the period. Capital International Inc. CA raised its position in H World Group by 57.7% in the first quarter. Capital International Inc. CA now owns 1,803,048 shares of the company’s stock worth $69,778,000 after acquiring an additional 659,914 shares during the period. Public Sector Pension Investment Board boosted its stake in H World Group by 724.3% in the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock valued at $19,022,000 after acquiring an additional 501,634 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of H World Group by 87.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 831,800 shares of the company’s stock valued at $32,191,000 after acquiring an additional 387,400 shares during the period. 46.41% of the stock is owned by hedge funds and other 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.