Mediolanum International Funds Ltd Acquires Shares of 19,610 H World Group Limited Sponsored ADR $HTHT

Mediolanum International Funds Ltd acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,610 shares of the company’s stock, valued at approximately $958,000.

A number of other institutional investors have also made changes to their positions in HTHT. AQR Capital Management LLC grew its holdings in H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after purchasing an additional 936 shares in the last quarter. Norges Bank acquired a new position in H World Group in the 2nd quarter worth $888,000. EverSource Wealth Advisors LLC boosted its position in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. First Trust Advisors LP purchased a new position in H World Group in the 2nd quarter valued at about $2,881,000. Finally, Jump Financial LLC acquired a new stake in shares of H World Group during the second quarter valued at about $651,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HTHT has been the topic of a number of analyst reports. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.20.

H World Group Trading Down 3.7%

NASDAQ HTHT opened at $40.00 on Wednesday. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. H World Group Limited Sponsored ADR has a 12 month low of $30.41 and a 12 month high of $56.63. The company’s fifty day moving average price is $43.47 and its two-hundred day moving average price is $48.45.

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.