Renaissance Technologies LLC Boosts Stock Position in H World Group Limited (NASDAQ:HTHT)

Renaissance Technologies LLC boosted its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 213.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 983,585 shares of the company's stock after purchasing an additional 669,985 shares during the period. Renaissance Technologies LLC owned about 0.31% of H World Group worth $32,488,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after buying an additional 650 shares during the last quarter. DnB Asset Management AS boosted its stake in H World Group by 5.6% in the fourth quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock valued at $485,000 after acquiring an additional 784 shares during the last quarter. Rhumbline Advisers grew its position in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after acquiring an additional 791 shares during the period. US Bancorp DE raised its holdings in shares of H World Group by 21.2% in the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after buying an additional 936 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley reiterated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Finally, HSBC downgraded shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.68.

H World Group Price Performance

Shares of HTHT stock traded down $0.61 during mid-day trading on Thursday, hitting $34.39. The company had a trading volume of 1,182,164 shares, compared to its average volume of 1,980,040. The stock's 50 day moving average price is $35.80 and its 200-day moving average price is $35.19. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. The company has a market capitalization of $10.78 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87.

H World Group Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from H World Group's previous -- dividend of $0.34. This represents a dividend yield of 4.1%. H World Group's dividend payout ratio (DPR) is currently 141.79%.

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.