Hhlr Advisors LTD. Buys Shares of 237,332 H World Group Limited Sponsored ADR $HTHT

Key Points

• Hhlr Advisors LTD. has invested approximately $8.78 million in H World Group Limited Sponsored ADR, purchasing 237,332 shares, which represents 0.3% of its total investment portfolio.
• Several institutional investors, including Brooklyn Investment Group and Caitong International Asset Management Co., have recently acquired stakes in H World Group, contributing to a total institutional ownership of 46.41%.
• The company has announced a semi-annual dividend of $0.79 per share, resulting in a significant dividend yield of 480.0%, with a payout ratio of 114.46%.

Hhlr Advisors LTD. purchased a new position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 237,332 shares of the company's stock, valued at approximately $8,784,000. H World Group accounts for about 0.3% of Hhlr Advisors LTD.'s portfolio, making the stock its 21st largest position. Hhlr Advisors LTD. owned 0.08% of H World Group as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after purchasing an additional 646 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of H World Group by 2.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock worth $1,462,000 after buying an additional 800 shares in the last quarter. Brooklyn Investment Group purchased a new position in H World Group in the first quarter worth about $40,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of H World Group by 1.5% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,900 shares of the company's stock valued at $2,994,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in H World Group during the first quarter valued at $51,000. Institutional investors own 46.41% of the company's stock.

H World Group Trading Down 0.7%

HTHT traded down $0.25 during trading on Thursday, hitting $36.39. 893,188 shares of the stock were exchanged, compared to its average volume of 2,040,759. H World Group Limited Sponsored ADR has a 1 year low of $28.27 and a 1 year high of $42.98. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.76 and a beta of 0.35. The firm has a 50 day simple moving average of $33.66 and a 200 day simple moving average of $34.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81.

H World Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.