Triata Capital Ltd Makes New $6.91 Million Investment in H World Group Limited (NASDAQ:HTHT)

Triata Capital Ltd bought a new position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 209,213 shares of the company's stock, valued at approximately $6,910,000. H World Group makes up approximately 2.9% of Triata Capital Ltd's investment portfolio, making the stock its 8th biggest position. Triata Capital Ltd owned 0.07% of H World Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HTHT. Waverton Investment Management Ltd purchased a new position in shares of H World Group in the 4th quarter valued at $6,076,000. Mirae Asset Global Investments Co. Ltd. boosted its position in H World Group by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock worth $8,292,000 after purchasing an additional 131,189 shares during the period. Northern Trust Corp increased its holdings in H World Group by 155.5% in the 4th quarter. Northern Trust Corp now owns 1,107,353 shares of the company's stock valued at $36,576,000 after purchasing an additional 674,000 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in H World Group in the fourth quarter valued at about $1,618,000. Finally, Blue Trust Inc. lifted its stake 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 worth $181,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Down 1.8%

NASDAQ:HTHT traded down $0.65 on Tuesday, reaching $36.46. The stock had a trading volume of 3,542,495 shares, compared to its average volume of 2,032,269. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $35.66 and a 200 day moving average of $34.64. 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 12-month low of $27.03 and a 12-month high of $42.98.

H World Group Increases Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.95 per share. This is a boost from H World Group's previous -- dividend of $0.34. This represents a dividend yield of 4.1%. The ex-dividend date was Wednesday, April 9th. H World Group's dividend payout ratio is 141.79%.

Analysts Set New Price Targets

HTHT has been the subject of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Hsbc Global Res cut H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.80.

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.