H World Group Limited Sponsored ADR $HTHT Stock Acquired by M&G PLC

Key Points

• M&G PLC increased its H World Group stake by 12.5% in the third quarter, adding 764,462 shares to reach 6.86 million shares, valued at about $294.8 million.
• H World Group beat quarterly earnings and revenue estimates, reporting $0.78 per share and $1.05 billion in revenue. Analysts have a “Moderate Buy” consensus rating and an average price target of $61.20.
• The company reduced its dividend to $0.87 per share from $1.30. Institutional investors and hedge funds collectively own 46.41% of the stock.

M&G PLC grew its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 12.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,855,931 shares of the company's stock after acquiring an additional 764,462 shares during the quarter. H World Group comprises approximately 1.5% of M&G PLC's holdings, making the stock its 13th largest holding. M&G PLC owned 2.17% of H World Group worth $294,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Headlands Technologies LLC increased its position in H World Group by 253.8% in the second quarter. Headlands Technologies LLC now owns 17,070 shares of the company's stock worth $712,000 after purchasing an additional 12,245 shares during the last quarter. National Pension Service grew its stake in shares of H World Group by 64.8% in the 2nd quarter. National Pension Service now owns 102,774 shares of the company's stock worth $4,288,000 after buying an additional 40,405 shares in the last quarter. Nykredit A S purchased a new position in shares of H World Group in the 2nd quarter worth $4,572,000. Barings LLC purchased a new position in shares of H World Group in the 1st quarter worth $8,356,000. Finally, Sei Investments Co. increased its holdings in shares of H World Group by 263.2% in the 1st quarter. Sei Investments Co. now owns 694,986 shares of the company's stock worth $34,951,000 after buying an additional 503,629 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Stock Down 1.6%

NASDAQ HTHT opened at $50.21 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $45.03 and a two-hundred day moving average of $46.99. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.77 and a beta of 0.12. H World Group Limited Sponsored ADR has a 52 week low of $39.86 and a 52 week high of $56.63.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. On average, analysts predict that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current year.

H World Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $0.87 per share. This represents a dividend yield of 394.0%. This is a drop from H World Group's previous dividend of $1.30. The ex-dividend date was Tuesday, September 8th. H World Group's dividend payout ratio (DPR) is presently 74.89%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of H World Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, November 2nd. Wall Street Zen cut H World Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Finally, Benchmark restated a "buy" rating on shares of H World Group in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, H World Group has a consensus rating of "Moderate Buy" and a consensus price target of $61.20.

H World Group Company Profile

H World Group Limited is a hotel company that develops, operates, franchises and manages hotels. Its business includes both directly operated properties and hotels run by third-party owners under its brands and management or franchise arrangements.

The company's portfolio includes brands serving different market segments, such as HanTing, JI Hotel and Crystal Orange in China, as well as Steigenberger, IntercityHotel and Zleep Hotels through its European operations. Its offerings range from economy and midscale lodging to upscale hotels.

Founded in China in 2005 as Huazhu, the company later adopted the name H World Group.

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