Balyasny Asset Management L.P. Makes New Investment in H World Group Limited (NASDAQ:HTHT)

Balyasny Asset Management L.P. purchased a new stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 871,595 shares of the company's stock, valued at approximately $28,789,000. Balyasny Asset Management L.P. owned 0.28% of H World Group as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HTHT. Blue Trust Inc. lifted its position in H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares during the period. DnB Asset Management AS lifted its holdings in H World Group by 5.6% in the fourth quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock valued at $485,000 after buying an additional 784 shares during the period. Rhumbline Advisers boosted its stake in H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after acquiring an additional 791 shares during the last quarter. US Bancorp DE grew its holdings in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after acquiring an additional 845 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in H World Group by 11.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after acquiring an additional 936 shares during the period. Institutional investors own 46.41% of the company's stock.

H World Group Trading Up 2.1 %

H World Group stock traded up $0.78 during mid-day trading on Friday, hitting $37.59. 2,765,242 shares of the company's stock were exchanged, compared to its average volume of 2,006,772. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $11.54 billion, a P/E ratio of 22.78, a PEG ratio of 1.28 and a beta of 0.45. The company's 50 day simple moving average is $35.59 and its 200-day simple moving average is $34.70.

H World Group Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.95 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is 141.79%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HTHT. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. HSBC lowered H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, H World Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

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.