Yiheng Capital Management L.P. Trims Stake in H World Group Limited Sponsored ADR $HTHT

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. lessened its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 50.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 645,658 shares of the company's stock after selling 660,737 shares during the period. H World Group makes up 2.2% of Yiheng Capital Management L.P.'s portfolio, making the stock its 6th biggest position. Yiheng Capital Management L.P. owned about 0.21% of H World Group worth $23,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HTHT. Temasek Holdings Private Ltd increased 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 worth $253,752,000 after buying an additional 2,738,772 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of H World Group by 27.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,282 shares of the company's stock worth $5,303,000 after buying an additional 30,773 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of H World Group during the first quarter worth approximately $463,000. AQR Capital Management LLC increased its holdings in shares of H World Group by 11.2% during the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company's stock worth $338,000 after buying an additional 936 shares in the last quarter. Finally, Generation Investment Management LLP increased its holdings in shares of H World Group by 8.2% during the first quarter. Generation Investment Management LLP now owns 5,213,875 shares of the company's stock worth $192,966,000 after buying an additional 395,042 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HTHT shares. Zacks Research raised shares of H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price target on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised shares of H World Group from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, H World Group has an average rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Price Performance

Shares of HTHT traded up $0.41 during mid-day trading on Friday, hitting $37.35. 875,378 shares of the company traded hands, compared to its average volume of 2,031,647. H World Group Limited Sponsored ADR has a one year low of $28.32 and a one year high of $42.98. 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 business has a 50-day moving average of $34.08 and a 200 day moving average of $34.98. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.77 and a beta of 0.35.

H World Group Dividend Announcement

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

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.