H World Group (NASDAQ:HTHT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

H World Group Limited Sponsored ADR (NASDAQ:HTHT) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $47.03 and traded as high as $47.55. H World Group shares last traded at $47.35, with a volume of 1,017,447 shares changing hands.

Wall Street Analyst Weigh In

HTHT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings upgraded shares of H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Finally, Benchmark reissued a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Trading Down 3.2%

The stock has a market capitalization of $14.22 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.14. The firm has a 50-day moving average price of $44.96 and a 200-day moving average price of $46.99. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. As a group, equities analysts forecast that H World Group Limited Sponsored ADR will post 2.60 EPS for the current fiscal year.

H World Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.87 per share. This represents a yield of 394.0%. This is a negative change from H World Group’s previous dividend of $1.30. The ex-dividend date of this dividend was Tuesday, September 8th. H World Group’s dividend payout ratio is currently 74.89%.

Institutional Trading of H World Group

Large investors have recently bought and sold shares of the company. Sei Investments Co. raised its stake in shares of H World Group by 263.2% in the first quarter. Sei Investments Co. now owns 694,986 shares of the company’s stock valued at $34,951,000 after buying an additional 503,629 shares during the period. KBC Group NV lifted its position in shares of H World Group by 493.2% during the 1st quarter. KBC Group NV now owns 517,397 shares of the company’s stock valued at $26,020,000 after buying an additional 430,176 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of H World Group by 44.7% during the 4th quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after buying an additional 365,659 shares during the last quarter. Rovida Investment Management Ltd bought a new position in shares of H World Group during the 1st quarter worth $10,058,000. Finally, Barings LLC bought a new position in shares of H World Group during the 1st quarter worth $8,356,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Company Profile

H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.

Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.