Nuveen Asset Management LLC Grows Stake in H World Group Limited (NASDAQ:HTHT)

Nuveen Asset Management LLC increased its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 625.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,136,770 shares of the company's stock after purchasing an additional 1,842,244 shares during the period. Nuveen Asset Management LLC owned 0.68% of H World Group worth $70,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of H World Group by 18.4% during the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company's stock worth $308,321,000 after buying an additional 1,452,364 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of H World Group in the 4th quarter worth $307,715,000. Geode Capital Management LLC increased its position in shares of H World Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock worth $43,276,000 after acquiring an additional 32,409 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of H World Group by 33.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,206,976 shares of the company's stock valued at $39,866,000 after buying an additional 302,514 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in H World Group by 1,325.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company's stock valued at $38,092,000 after buying an additional 1,072,366 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Down 1.8%

HTHT traded down $0.65 during trading on Tuesday, reaching $36.46. 3,542,495 shares of the stock were exchanged, compared to its average volume of 2,032,669. The stock's 50 day moving average price is $35.66 and its two-hundred day moving average price is $34.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $11.19 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98.

H World Group Increases Dividend

The business also recently announced 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. The ex-dividend date was Wednesday, April 9th. This is a positive change from H World Group's previous -- dividend of $0.34. This represents a yield of 4.1%. H World Group's dividend payout ratio is currently 141.79%.

Wall Street Analysts Forecast Growth

HTHT has been the subject of a number of recent research reports. HSBC downgraded shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective for the company. in a research report on Wednesday, February 5th. Hsbc Global Res cut H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, H World Group has an average rating of "Moderate Buy" and an average 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.