H World Group Limited (NASDAQ:HTHT) Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,640 shares of the company's stock after selling 56,321 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of H World Group worth $9,170,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Capital International Investors increased its holdings in shares of H World Group by 18.4% in the 4th quarter. Capital International Investors now owns 9,334,577 shares of the company's stock valued at $308,321,000 after acquiring an additional 1,452,364 shares during the last quarter. Capital Research Global Investors bought a new stake in H World Group during the fourth quarter valued at $307,715,000. Geode Capital Management LLC raised its holdings in shares of H World Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company's stock worth $43,276,000 after purchasing an additional 32,409 shares during the period. Hsbc Holdings PLC lifted its position in shares of H World Group by 33.4% in the 4th quarter. Hsbc Holdings PLC now owns 1,206,976 shares of the company's stock worth $39,866,000 after buying an additional 302,514 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of H World Group by 1,325.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company's stock valued at $38,092,000 after buying an additional 1,072,366 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Performance

Shares of HTHT traded up $0.78 during mid-day trading on Friday, reaching $37.59. 2,765,242 shares of the company's stock traded hands, compared to its average volume of 2,006,772. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The stock has a market capitalization of $11.54 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.45. The business's 50-day moving average price is $35.59 and its 200-day moving average price is $34.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were paid a $0.95 dividend. This is a boost from H World Group's previous -- dividend of $0.34. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 4.1%. H World Group's dividend payout ratio is presently 141.79%.

Analysts Set New Price Targets

A number of brokerages have commented on HTHT. Hsbc Global Res downgraded H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Finally, HSBC lowered H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price on the stock. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.80.

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.