Candriam S.C.A. Purchases 26,600 Shares of H World Group Limited Sponsored ADR $HTHT

Candriam S.C.A. raised its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 6,650.0% during the first quarter, HoldingsChannel.com reports. The firm owned 27,000 shares of the company’s stock after acquiring an additional 26,600 shares during the quarter. Candriam S.C.A.’s holdings in H World Group were worth $1,358,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. iA Global Asset Management Inc. raised its stake 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 worth $78,000 after buying an additional 277 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in H World Group by 5.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock valued at $466,000 after buying an additional 486 shares during the period. EverSource Wealth Advisors LLC boosted its stake in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares during the last quarter. Macquarie Group Ltd. boosted its stake in H World Group by 5.3% in the fourth quarter. Macquarie Group Ltd. now owns 17,056 shares of the company’s stock valued at $802,000 after acquiring an additional 859 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in H World Group by 1.3% during the 4th quarter. Public Sector Pension Investment Board now owns 70,753 shares of the company’s stock worth $3,329,000 after acquiring an additional 900 shares during the period. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.8%

HTHT opened at $41.21 on Wednesday. The firm’s fifty day moving average is $44.09 and its two-hundred day moving average is $48.67. The firm has a market cap of $12.67 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.13 and a beta of 0.13. H World Group Limited Sponsored ADR has a twelve month low of $30.41 and a twelve month high of $56.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Benchmark lifted their price objective on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a report on Sunday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.