Summit Global Investments Acquires New Stake in H World Group Limited Sponsored ADR $HTHT

Summit Global Investments bought a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,134 shares of the company’s stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HTHT. Farther Finance Advisors LLC grew its position in H World Group by 54.4% in the third quarter. Farther Finance Advisors LLC now owns 1,430 shares of the company’s stock worth $61,000 after acquiring an additional 504 shares in the last quarter. Summit Securities Group LLC purchased a new stake in H World Group during the first quarter valued at about $85,000. Parallel Advisors LLC raised its position in H World Group by 16.7% during the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock valued at $89,000 after purchasing an additional 254 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in H World Group by 57.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,395 shares of the company’s stock worth $120,000 after purchasing an additional 872 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in H World Group by 21.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,062 shares of the company’s stock worth $204,000 after purchasing an additional 723 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of H World Group stock opened at $48.44 on Tuesday. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.14. The company has a fifty day moving average of $44.87 and a 200-day moving average of $46.96. H World Group Limited Sponsored ADR has a 52-week low of $38.47 and a 52-week high of $56.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. Equities research analysts expect that H World Group Limited Sponsored ADR will post 2.49 EPS for the current year.

H World Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This is a drop from H World Group’s previous dividend of $1.30. This represents a dividend yield of 394.0%. H World Group’s payout ratio is 74.89%.

Analyst Upgrades and Downgrades

HTHT has been the subject of a number of research reports. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Benchmark reissued a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Finally, Weiss Ratings raised H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.20.

About H World Group

H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.

Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.