Arrowstreet Capital Limited Partnership Boosts Holdings in H World Group Limited (NASDAQ:HTHT)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 1,325.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,153,267 shares of the company's stock after buying an additional 1,072,366 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.37% of H World Group worth $38,092,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. purchased a new stake in H World Group in the 4th quarter worth approximately $33,000. US Bancorp DE raised its holdings in H World Group by 21.2% during the fourth 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 period. Blue Trust Inc. lifted its position in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after acquiring an additional 650 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of H World Group in the fourth quarter worth about $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of H World Group by 11.9% during the fourth 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. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Down 10.0 %

NASDAQ HTHT traded down $3.71 during midday trading on Friday, hitting $33.43. 4,761,113 shares of the company traded hands, compared to its average volume of 1,907,536. The company has a market cap of $10.47 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.98. The company's 50-day simple moving average is $35.70 and its 200-day simple moving average is $35.14.

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H World Group Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Investors 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 positive change from H World Group's previous -- dividend of $0.34. H World Group's dividend payout ratio is currently 141.79%.

Analysts Set New Price Targets

A number of research firms recently commented on HTHT. HSBC cut 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. Hsbc Global Res cut 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.68.

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.