H World Group (NASDAQ:HTHT) Upgraded by Zacks Research to “Strong-Buy” Rating

H World Group (NASDAQ:HTHT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also commented on HTHT. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. Benchmark lifted their target price on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, H World Group presently has a consensus rating of “Buy” and a consensus price target of $54.80.

H World Group Trading Down 0.8%

HTHT opened at $50.11 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.84. H World Group has a fifty-two week low of $30.20 and a fifty-two week high of $56.63. The firm has a market capitalization of $15.43 billion, a PE ratio of 22.27, a P/E/G ratio of 1.10 and a beta of 0.11. The company’s 50-day moving average is $51.33 and its 200 day moving average is $45.60.

Hedge Funds Weigh In On H World Group

Several hedge funds have recently modified their holdings of HTHT. iA Global Asset Management Inc. increased its position in shares of H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after acquiring an additional 277 shares during the last quarter. Rhumbline Advisers boosted its position in H World Group by 1.3% in the third quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock worth $1,068,000 after purchasing an additional 352 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in H World Group by 1.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 33,228 shares of the company’s stock valued at $1,300,000 after purchasing an additional 466 shares during the period. Federation des caisses Desjardins du Quebec increased its position in shares of H World Group by 5.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock valued at $466,000 after purchasing an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

About H World Group

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.