Penserra Capital Management LLC Cuts Holdings in H World Group Limited (NASDAQ:HTHT)

Penserra Capital Management LLC lessened its position in shares of H World Group Limited (NASDAQ:HTHT) by 19.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,298 shares of the company’s stock after selling 3,177 shares during the period. Penserra Capital Management LLC’s holdings in H World Group were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HTHT. Blue Trust Inc. grew its holdings in shares of H World Group by 716.7% during the 2nd quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock worth $41,000 after purchasing an additional 1,075 shares during the period. Headlands Technologies LLC acquired a new stake in shares of H World Group in the second quarter worth $91,000. Greenleaf Trust purchased a new position in shares of H World Group in the 3rd quarter valued at $210,000. Jupiter Asset Management Ltd. acquired a new position in shares of H World Group during the 2nd quarter valued at $373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in H World Group during the 3rd quarter worth $450,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Price Performance

HTHT opened at $32.03 on Thursday. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.07 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $33.98.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $46.80.

H World Group Profile

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.