H World Group (NASDAQ:HTHT) Shares Gap Down – Here’s What Happened

H World Group Limited (NASDAQ:HTHT) gapped down prior to trading on Monday . The stock had previously closed at $38.18, but opened at $37.27. H World Group shares last traded at $37.05, with a volume of 86,058 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their price objective on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, H World Group has an average rating of “Buy” and an average target price of $47.80.

H World Group Stock Performance

The stock’s 50-day moving average is $33.11 and its 200 day moving average is $34.39. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 1.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). H World Group had a net margin of 16.32% and a return on equity of 29.32%. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. As a group, analysts predict that H World Group Limited will post 1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H World Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its position in H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after buying an additional 1,075 shares during the period. Headlands Technologies LLC purchased a new position in H World Group in the 2nd quarter valued at approximately $91,000. Greenleaf Trust purchased a new stake in H World Group during the third quarter worth $210,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in H World Group in the first quarter valued at $394,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in H World Group in the 2nd quarter valued at about $373,000. 46.41% of the stock is owned by institutional investors and hedge funds.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.