Lansforsakringar Fondforvaltning AB publ Purchases New Shares in H World Group Limited (NASDAQ:HTHT)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,000 shares of the company's stock, valued at approximately $1,255,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after purchasing an additional 650 shares during the period. DnB Asset Management AS boosted its position in shares of H World Group by 5.6% in the fourth quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock worth $485,000 after purchasing an additional 784 shares during the period. Rhumbline Advisers boosted its position in shares of H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock worth $1,146,000 after purchasing an additional 791 shares during the period. US Bancorp DE boosted its position in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after purchasing an additional 936 shares during the period. 46.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HTHT shares. HSBC lowered shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a report on Monday, March 31st. Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, H World Group presently has an average rating of "Moderate Buy" and an average price target of $40.80.

H World Group Price Performance

Shares of HTHT stock traded down $0.15 during mid-day trading on Tuesday, hitting $35.37. The company had a trading volume of 1,190,099 shares, compared to its average volume of 2,014,433. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The stock's 50 day moving average price is $35.23 and its 200-day moving average price is $34.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $10.86 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.28 and a beta of 0.45.

H World Group Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th were paid a dividend of $0.95 per share. This is an increase from H World Group's previous -- dividend of $0.34. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.1%. H World Group's dividend payout ratio is presently 131.94%.

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.