Indus Capital Partners LLC Invests $14.18 Million in H World Group Limited Sponsored ADR $HTHT

Key Points

• Indus Capital Partners LLC has acquired 383,200 shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT), representing a value of approximately $14.2 million, making the stock its 3rd largest holding.
• JPMorgan lowered its price target for H World Group from $43.00 to $42.00, maintaining an "overweight" rating, while the average analyst target price is $40.80.
• The company recently announced a $0.79 dividend to be paid on September 26th, resulting in a significant dividend yield of 480.0%.

Indus Capital Partners LLC bought a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 383,200 shares of the company's stock, valued at approximately $14,182,000. H World Group accounts for 13.4% of Indus Capital Partners LLC's investment portfolio, making the stock its 3rd largest holding. Indus Capital Partners LLC owned about 0.12% of H World Group at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its stake in shares of H World Group by 5,000.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 10,200 shares of the company's stock worth $378,000 after purchasing an additional 10,000 shares during the period. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in H World Group in the 1st quarter worth about $814,000. Bank of New York Mellon Corp increased its holdings in H World Group by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 220,697 shares of the company's stock worth $8,168,000 after acquiring an additional 17,279 shares during the last quarter. Keystone Investors PTE Ltd. increased its holdings in H World Group by 1,280.0% in the 1st quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock worth $70,378,000 after acquiring an additional 1,763,789 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in H World Group by 155.5% in the 4th quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock worth $36,576,000 after acquiring an additional 674,000 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors.

H World Group Price Performance

HTHT stock remained flat at $36.85 during mid-day trading on Tuesday. The company's stock had a trading volume of 736,804 shares, compared to its average volume of 2,045,291. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.31 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.76 and a beta of 0.35. H World Group Limited Sponsored ADR has a 1-year low of $28.27 and a 1-year high of $42.98. The company has a 50-day moving average price of $33.57 and a two-hundred day moving average price of $34.93.

H World Group Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $0.79 per share. This represents a yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's payout ratio is presently 114.46%.

Wall Street Analyst Weigh In

HTHT has been the subject of several recent research reports. Zacks Research raised H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.80.

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.