Renaissance Group LLC Purchases New Shares in H World Group Limited Sponsored ADR $HTHT

Renaissance Group LLC acquired a new position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 160,226 shares of the company’s stock, valued at approximately $7,539,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in H World Group during the 3rd quarter worth about $12,207,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in H World Group by 10.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,340 shares of the company’s stock worth $11,390,000 after purchasing an additional 23,372 shares during the last quarter. Aubrey Capital Management Ltd bought a new stake in H World Group during the 4th quarter worth about $11,946,000. APG Asset Management N.V. raised its holdings in H World Group by 146.8% during the 3rd quarter. APG Asset Management N.V. now owns 108,093 shares of the company’s stock worth $4,228,000 after purchasing an additional 64,300 shares during the last quarter. Finally, Serenity Capital Management PTE. LTD. raised its holdings in H World Group by 126.0% during the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 1,274,391 shares of the company’s stock worth $49,841,000 after purchasing an additional 710,431 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

H World Group Price Performance

H World Group stock opened at $44.54 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $48.88 and a 200-day moving average of $49.50. H World Group Limited Sponsored ADR has a 1 year low of $30.41 and a 1 year high of $56.63. The firm has a market capitalization of $13.70 billion, a P/E ratio of 19.97, a PEG ratio of 1.21 and a beta of 0.11.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%.The business had revenue of $932.62 million during the quarter. On average, equities analysts anticipate that H World Group Limited Sponsored ADR will post 2.47 EPS for the current year.

H World Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were given a $1.30 dividend. The ex-dividend date was Monday, May 4th. This represents a dividend yield of 542.0%. H World Group’s payout ratio is currently 114.80%.

Insider Activity

In related news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 49.40% of the company’s stock.

Analysts Set New Price Targets

HTHT has been the subject of several recent research reports. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Monday. Benchmark boosted their price objective on H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective for the company in a report on Monday, March 9th. Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, H World Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.