True Light Capital Pte. Ltd. Takes $37.60 Million Position in H World Group Limited Sponsored ADR $HTHT

Key Points

• True Light Capital Pte. Ltd. disclosed a new fourth-quarter stake in H World Group, buying 799,189 shares worth about $37.6 million. The position makes HTHT the firm’s third-largest holding and about 17% of its portfolio.
• Several other institutional investors also boosted or initiated positions in H World Group, while hedge funds and institutions collectively own 46.41% of the stock. Insider ownership is also significant at 49.40%.
• Analysts have turned more bullish on the stock, with multiple firms upgrading ratings and Benchmark lifting its price target to $60; the consensus target price is $54.80. H World Group also reported recent quarterly EPS of $0.06 on revenue of $932.62 million and declared a $1.30 per share dividend.

True Light Capital Pte. Ltd. acquired a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 799,189 shares of the company's stock, valued at approximately $37,602,000. H World Group accounts for about 17.0% of True Light Capital Pte. Ltd.'s investment portfolio, making the stock its 3rd largest position. True Light Capital Pte. Ltd. owned approximately 0.26% of H World Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group raised its stake in shares of H World Group by 5.5% during the third quarter. Schroder Investment Management Group now owns 13,177,593 shares of the company's stock valued at $515,376,000 after purchasing an additional 690,149 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of H World Group by 43.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company's stock valued at $313,925,000 after purchasing an additional 2,420,473 shares during the period. Capital International Investors raised its stake in shares of H World Group by 65.2% during the third quarter. Capital International Investors now owns 4,850,844 shares of the company's stock valued at $189,717,000 after purchasing an additional 1,913,672 shares during the period. Kontiki Capital Management HK Ltd. purchased a new stake in shares of H World Group during the third quarter valued at approximately $96,804,000. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of H World Group during the third quarter valued at approximately $87,153,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

Insider Activity

In other news, Director Theng Fong Hee sold 31,640 shares of the business's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 49.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HTHT. Weiss Ratings reissued a "buy (b-)" rating on shares of H World Group in a research report on Friday, March 27th. Wall Street Zen raised shares of H World Group from a "hold" rating to a "buy" rating in a research report on Monday, March 23rd. Zacks Research raised shares of H World Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 19th. Benchmark raised their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Finally, UBS Group raised shares of H World Group from a "neutral" rating to a "buy" rating and set a $62.40 price target for the company in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $54.80.

H World Group Stock Performance

H World Group stock opened at $45.51 on Tuesday. The company has a market cap of $14.00 billion, a PE ratio of 20.41, a P/E/G ratio of 1.27 and a beta of 0.15. The company has a fifty day moving average price of $50.86 and a two-hundred day moving average price of $49.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. H World Group Limited Sponsored ADR has a 12 month low of $30.41 and a 12 month high of $56.63.

H World Group (NASDAQ:HTHT - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.06 EPS for the quarter. The firm had revenue of $932.62 million during the quarter. H World Group had a net margin of 19.22% and a return on equity of 38.91%. Research analysts expect that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current year.

H World Group Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 542.0%. H World Group's payout ratio is 114.80%.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.

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