Platinum Investment Management Ltd. Lowers Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• Platinum Investment Management Ltd. reduced its stake in H World Group Limited by 26.2%, now holding approximately 183,111 shares worth $6,211,000 after selling 65,127 shares during the second quarter.
• The company recently announced a semi-annual dividend of $0.79 per share, representing a yield of 435.0%, with a payout ratio of 95.18%.
• Analyst ratings for H World Group have improved, with Wall Street Zen upgrading it from "hold" to "buy", and a consensus target price set at $40.80.

Platinum Investment Management Ltd. lowered its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 26.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,111 shares of the company's stock after selling 65,127 shares during the quarter. Platinum Investment Management Ltd. owned about 0.06% of H World Group worth $6,211,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its position in shares of H World Group by 5,000.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 10,200 shares of the company's stock worth $378,000 after buying an additional 10,000 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of H World Group in the first quarter worth about $814,000. Bank of New York Mellon Corp raised its holdings in shares of H World Group by 8.5% during 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 in the last quarter. Keystone Investors PTE Ltd. raised its holdings in shares of H World Group by 1,280.0% during 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of H World Group by 14.2% during the 1st quarter. Northern Trust Corp now owns 1,264,397 shares of the company's stock worth $46,795,000 after acquiring an additional 157,044 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Trading Up 0.4%

Shares of HTHT opened at $39.28 on Thursday. H World Group Limited Sponsored ADR has a twelve month low of $30.13 and a twelve month high of $42.98. The company has a market cap of $12.09 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.87 and a beta of 0.35. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $35.54 and its 200-day simple moving average is $35.16.

H World Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 9th were given a $0.79 dividend. This represents a yield of 435.0%. The ex-dividend date of this dividend was Tuesday, September 9th. H World Group's dividend payout ratio is 95.18%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HTHT shares. Wall Street Zen raised H World Group from a "hold" rating to a "buy" rating in a report on Sunday. 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. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.

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