Public Employees Retirement System of Ohio Buys 17,756 Shares of H World Group Limited (NASDAQ:HTHT)

Public Employees Retirement System of Ohio grew its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 135.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,896 shares of the company's stock after buying an additional 17,756 shares during the period. Public Employees Retirement System of Ohio's holdings in H World Group were worth $1,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. bought a new position in H World Group during the fourth quarter worth $33,000. US Bancorp DE increased its holdings in shares of H World Group by 21.2% during the 4th 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. Blue Trust Inc. raised its position in shares of H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after buying an additional 650 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of H World Group in the fourth quarter valued at about $196,000. Finally, Mariner LLC lifted its stake in shares of H World Group by 33.8% in the fourth quarter. Mariner LLC now owns 8,120 shares of the company's stock valued at $268,000 after buying an additional 2,050 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Price Performance

H World Group stock traded down $0.71 during mid-day trading on Friday, hitting $35.10. 1,722,088 shares of the company were exchanged, compared to its average volume of 2,012,769. The company has a market capitalization of $10.77 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.48. The business has a fifty day moving average of $35.14 and a 200 day moving average of $34.58. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

H World Group Increases Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.95 per share. This represents a dividend yield of 4.1%. This is a positive change from H World Group's previous -- dividend of $0.34. The ex-dividend date of this dividend was Wednesday, April 9th. H World Group's dividend payout ratio is presently 131.94%.

Wall Street Analysts Forecast Growth

HTHT has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.80.

H World Group Company 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.