CANADA LIFE ASSURANCE Co Boosts Stock Holdings in H World Group Limited (NASDAQ:HTHT)

CANADA LIFE ASSURANCE Co increased its position in shares of H World Group Limited (NASDAQ:HTHT) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 259,597 shares of the company’s stock after buying an additional 4,609 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in H World Group were worth $8,570,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in shares of H World Group by 91.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 767,500 shares of the company’s stock worth $25,351,000 after purchasing an additional 367,500 shares during the last quarter. XTX Topco Ltd purchased a new stake in H World Group during the 4th quarter worth approximately $1,003,000. Mariner LLC raised its holdings in shares of H World Group by 33.8% during the fourth quarter. Mariner LLC now owns 8,120 shares of the company’s stock valued at $268,000 after acquiring an additional 2,050 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of H World Group in the fourth quarter valued at approximately $2,547,000. Finally, Renaissance Technologies LLC lifted its position in shares of H World Group by 213.6% in the fourth quarter. Renaissance Technologies LLC now owns 983,585 shares of the company’s stock valued at $32,488,000 after acquiring an additional 669,985 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Trading Down 0.1 %

NASDAQ HTHT opened at $34.45 on Tuesday. The firm’s fifty day moving average price is $35.88 and its 200 day moving average price is $35.01. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.95 per share. This is a positive change from H World Group’s previous — dividend of $0.34. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 4.1%. H World Group’s dividend payout ratio (DPR) is presently 141.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HTHT shares. Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. HSBC cut shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price objective for the company. in a research note on Wednesday, February 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of H World Group in a report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.85.

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.