Rhumbline Advisers Decreases Stake in H World Group Limited Sponsored ADR $HTHT

Key Points

• Rhumbline Advisers reduced its holdings in H World Group Limited by 20.9%, now owning 27,443 shares worth approximately $1,016,000.
• Other institutional investors, including Ameriprise Financial Inc. and Vident Advisory LLC, have increased their stakes in H World Group, indicating growing interest among institutional players.
• H World Group recently declared a semi-annual dividend of $0.79, with a significant yield of 435.0%, and has an average analyst rating of "Moderate Buy" with a target price of $40.80.

Rhumbline Advisers trimmed its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 20.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,443 shares of the company's stock after selling 7,245 shares during the quarter. Rhumbline Advisers' holdings in H World Group were worth $1,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTHT. Brooklyn Investment Group purchased a new position in shares of H World Group in the first quarter worth about $40,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of H World Group in the first quarter worth about $51,000. Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of H World Group in the first quarter worth about $189,000. Confluence Investment Management LLC purchased a new position in shares of H World Group in the first quarter worth about $209,000. Finally, Greenleaf Trust purchased a new position in shares of H World Group in the first quarter worth about $226,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Trading Up 1.8%

Shares of HTHT traded up $0.69 during trading on Friday, reaching $38.78. 1,601,286 shares of the company traded hands, compared to its average volume of 1,946,624. H World Group Limited Sponsored ADR has a twelve month low of $29.11 and a twelve month high of $42.98. The stock has a market cap of $11.90 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The stock has a 50-day simple moving average of $34.57 and a 200-day simple moving average of $35.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32.

H World Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a dividend yield of 435.0%. H World Group's dividend payout ratio (DPR) is presently 95.18%.

Analyst Ratings Changes

HTHT has been the topic of several research reports. Wall Street Zen downgraded shares of H World Group from a "buy" rating to a "hold" rating in a research note on Saturday. Zacks Research upgraded shares of H World Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.