Public Employees Retirement System of Ohio Acquires 22,585 Shares of H World Group Limited Sponsored ADR $HTHT

Public Employees Retirement System of Ohio grew its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 49.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,911 shares of the company’s stock after purchasing an additional 22,585 shares during the period. Public Employees Retirement System of Ohio’s holdings in H World Group were worth $3,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new stake in shares of H World Group in the fourth quarter valued at about $45,000. EverSource Wealth Advisors LLC boosted its position in H World Group by 81.0% during the second 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. Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the third quarter valued at approximately $66,000. Osaic Holdings Inc. grew its stake in H World Group by 889.5% in the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after purchasing an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its stake in H World Group by 20.1% in the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after purchasing an additional 277 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

H World Group Stock Performance

NASDAQ HTHT opened at $42.25 on Friday. The firm has a 50-day moving average of $42.85 and a 200-day moving average of $48.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $12.99 billion, a PE ratio of 18.95, a P/E/G ratio of 1.57 and a beta of 0.13. H World Group Limited Sponsored ADR has a 52-week low of $30.41 and a 52-week high of $56.63.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HTHT. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings lowered shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, H World Group presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group 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.