KLP Kapitalforvaltning AS Purchases New Holdings in H World Group Limited (NASDAQ:HTHT)

KLP Kapitalforvaltning AS purchased a new position in H World Group Limited (NASDAQ:HTHT) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 46,000 shares of the company’s stock, valued at approximately $1,519,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew 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 buying an additional 650 shares in the last quarter. Rhumbline Advisers grew its stake in 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 in the last quarter. US Bancorp DE raised its holdings in H World Group by 21.2% in the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after acquiring an additional 845 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock worth $290,000 after purchasing an additional 936 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of H World Group during the 4th quarter worth approximately $33,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HTHT. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective on the stock. in a research report on Wednesday, February 5th. Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, H World Group has a consensus rating of “Moderate Buy” and a consensus price target of $44.68.

H World Group Price Performance

NASDAQ:HTHT opened at $36.77 on Friday. The company has a market capitalization of $11.52 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. The stock’s fifty day moving average is $35.27 and its two-hundred day moving average is $34.89.

H World Group Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a $0.95 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 4.1%. This is a boost from H World Group’s previous — dividend of $0.34. H World Group’s dividend payout ratio is presently 141.79%.

H World Group 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.