Balyasny Asset Management L.P. Acquires Shares of 871,595 H World Group Limited (NASDAQ:HTHT)

Balyasny Asset Management L.P. bought a new position in shares of H World Group Limited (NASDAQ:HTHT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 871,595 shares of the company’s stock, valued at approximately $28,789,000.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in H World Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 508,422 shares of the company’s stock worth $16,961,000 after purchasing an additional 51,213 shares during the last quarter. Headwater Capital Co Ltd purchased a new position in shares of H World Group during the fourth quarter valued at approximately $9,909,000. Blue Trust Inc. boosted its holdings in shares of H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares during the last quarter. abrdn plc boosted its stake in H World Group by 1.6% in the 4th quarter. abrdn plc now owns 114,030 shares of the company’s stock worth $3,791,000 after buying an additional 1,751 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in H World Group by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company’s stock valued at $8,292,000 after buying an additional 131,189 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Morgan Stanley restated an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Finally, HSBC cut 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.80.

H World Group Trading Up 0.6 %

H World Group stock opened at $36.41 on Wednesday. The company has a market cap of $11.41 billion, a P/E ratio of 22.06, a PEG ratio of 1.28 and a beta of 0.45. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The firm’s 50-day moving average is $35.56 and its 200-day moving average is $34.69. 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 business also recently declared a — dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.95 per share. This represents a dividend yield of 4.1%. This is a boost from H World Group’s previous — dividend of $0.34. The ex-dividend date was Wednesday, April 9th. H World Group’s dividend payout ratio is presently 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.