Rhumbline Advisers Sells 7,245 Shares of 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 stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 20.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HTHT. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of H World Group by 4,554.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock valued at $432,453,000 after purchasing an additional 11,433,692 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of H World Group by 2,301.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,926,818 shares of the company's stock valued at $145,332,000 after purchasing an additional 3,763,295 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of H World Group by 66.5% during the first quarter. Temasek Holdings Private Ltd now owns 6,856,300 shares of the company's stock valued at $253,752,000 after purchasing an additional 2,738,772 shares in the last quarter. Keystone Investors PTE Ltd. lifted its holdings in H World Group by 1,280.0% in the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock valued at $70,378,000 after acquiring an additional 1,763,789 shares during the period. Finally, Nuveen LLC bought a new position in H World Group in the first quarter valued at about $60,903,000. 46.41% of the stock is owned by institutional investors.

H World Group Trading Down 1.9%

Shares of NASDAQ:HTHT traded down $0.73 during trading on Tuesday, hitting $38.06. The company had a trading volume of 1,198,594 shares, compared to its average volume of 2,034,367. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. H World Group Limited Sponsored ADR has a one year low of $30.13 and a one year high of $42.98. The company has a fifty day simple moving average of $34.69 and a two-hundred day simple moving average of $35.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81.

H World Group Dividend Announcement

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

Analysts Set New Price Targets

HTHT has been the subject of a number of analyst reports. Wall Street Zen cut H World Group from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, H World Group presently has an average rating of "Moderate Buy" and an average 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.