Walleye Capital LLC Makes New Investment in H World Group Limited Sponsored ADR $HTHT

Key Points

• Walleye Capital LLC has made a new investment of $261,000 in H World Group Limited Sponsored ADR, acquiring 7,040 shares in the first quarter.
• H World Group recently declared a semi-annual dividend of $0.79 per share, with a yield of 480.0%, and a dividend payout ratio of 114.46%.
• The company has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $40.80.

Walleye Capital LLC bought a new position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,040 shares of the company's stock, valued at approximately $261,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. APG Asset Management N.V. boosted its position in shares of H World Group by 24.5% in the first quarter. APG Asset Management N.V. now owns 35,593 shares of the company's stock worth $1,219,000 after buying an additional 7,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of H World Group by 1.5% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,900 shares of the company's stock worth $2,994,000 after buying an additional 1,200 shares during the period. Carmignac Gestion boosted its position in shares of H World Group by 22.3% in the first quarter. Carmignac Gestion now owns 570,818 shares of the company's stock worth $21,124,000 after buying an additional 104,097 shares during the period. Triata Capital Ltd boosted its position in shares of H World Group by 38.6% in the first quarter. Triata Capital Ltd now owns 290,035 shares of the company's stock worth $10,734,000 after buying an additional 80,822 shares during the period. Finally, Northern Trust Corp boosted its position in shares of H World Group by 14.2% in the first quarter. Northern Trust Corp now owns 1,264,397 shares of the company's stock worth $46,795,000 after buying an additional 157,044 shares during the period. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Down 1.3%

NASDAQ HTHT traded down $0.50 during mid-day trading on Tuesday, reaching $36.96. 612,719 shares of the company's stock traded hands, compared to its average volume of 2,037,955. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $33.86 and a 200-day simple moving average of $34.94. H World Group Limited Sponsored ADR has a 1-year low of $28.27 and a 1-year high of $42.98. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.80 and a beta of 0.35.

H World Group Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $0.79 per share. This represents a yield of 436.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's dividend payout ratio (DPR) is currently 114.46%.

Analyst Ratings Changes

HTHT has been the subject of several analyst reports. Zacks Research raised H World Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. lowered their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded H World Group from a "hold" rating to a "buy" rating in a research note on Friday. 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, the stock currently 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.