H World Group Limited Sponsored ADR $HTHT Stock Position Lessened by Yiheng Capital Management L.P.

Key Points

• Yiheng Capital Management L.P. reduced its stake in H World Group by 50.6%, holding approximately $23.90 million in shares after selling over 660,000 shares.
• H World Group recently announced a semi-annual dividend of $0.79, with a yield of 480.0%, and it has a reported dividend payout ratio of 114.46%.
• Analysts from JPMorgan Chase have lowered their price target on H World Group from $43.00 to $42.00, maintaining an "overweight" rating alongside a consensus rating of "Moderate Buy."

Yiheng Capital Management L.P. lessened its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 50.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 645,658 shares of the company's stock after selling 660,737 shares during the period. H World Group makes up about 1.6% of Yiheng Capital Management L.P.'s holdings, making the stock its 7th biggest position. 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 and other institutional investors have also bought and sold shares of HTHT. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in H World Group by 7.4% in the 1st 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 in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in H World Group by 2.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock worth $1,462,000 after buying an additional 800 shares in the last quarter. Brooklyn Investment Group purchased a new position in H World Group in the 1st quarter worth approximately $40,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake 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 worth $2,994,000 after buying an additional 1,200 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in H World Group in the 1st quarter worth approximately $51,000. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HTHT shares. JPMorgan Chase & Co. cut their price objective on shares of 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. Zacks Research upgraded shares of H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, H World Group has a consensus rating of "Moderate Buy" and a consensus price target of $40.80.

H World Group Stock Down 0.5%

HTHT stock traded down $0.19 during trading on Thursday, hitting $36.45. 324,345 shares of the stock traded hands, compared to its average volume of 2,037,173. H World Group Limited Sponsored ADR has a 1 year low of $28.27 and a 1 year high of $42.98. The firm's 50 day moving average is $33.66 and its two-hundred day moving average is $34.95. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.76 and a beta of 0.35. 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 company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be given a dividend of $0.79 per share. This represents a yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's dividend payout ratio is 114.46%.

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.