H World Group Limited Sponsored ADR $HTHT Shares Sold by Yiheng Capital Management L.P.

Key Points

• Yiheng Capital Management L.P. significantly reduced its stake in H World Group by 50.6%, holding approximately $23.90 million worth of shares after selling over 660,000 shares.
• H World Group has announced a semi-annual dividend of $0.79 per share with a remarkable dividend yield of 480.0%, despite a high payout ratio.
• Wall Street analysts are generally optimistic about H World Group, with several upgrades in ratings and an average target price of $40.80 for the stock.

Yiheng Capital Management L.P. reduced its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 50.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 645,658 shares of the company's stock after selling 660,737 shares during the period. H World Group accounts for about 2.2% of Yiheng Capital Management L.P.'s holdings, making the stock its 6th biggest holding. Yiheng Capital Management L.P. owned 0.21% of H World Group worth $23,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in H World Group by 7.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after buying an additional 646 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of H World Group by 2.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock worth $1,462,000 after acquiring an additional 800 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company's stock valued at $338,000 after acquiring an additional 936 shares during the period. Brooklyn Investment Group purchased a new stake in H World Group in the 1st quarter valued at $40,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in H World Group by 1.5% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,900 shares of the company's stock valued at $2,994,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Stock Performance

NASDAQ HTHT traded down $0.14 on Wednesday, hitting $37.07. 1,428,130 shares of the company's stock were exchanged, compared to its average volume of 2,411,489. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.78 and a beta of 0.35. The firm's 50-day moving average price is $33.93 and its two-hundred day moving average price is $34.95. H World Group Limited Sponsored ADR has a fifty-two week low of $28.27 and a fifty-two week high of $42.98. 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 Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on HTHT. Wall Street Zen raised shares of H World Group from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research raised H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. dropped their price target on H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.