H World Group Limited (NASDAQ:HTHT) Shares Sold by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd trimmed its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 50.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 575,879 shares of the company's stock after selling 594,480 shares during the period. H World Group comprises about 9.6% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 4th largest holding. Broad Peak Investment Advisers Pte Ltd owned approximately 0.18% of H World Group worth $19,021,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HTHT. Headwater Capital Co Ltd acquired a new stake in shares of H World Group in the fourth quarter worth approximately $9,909,000. Waverton Investment Management Ltd acquired a new stake in H World Group during the 4th quarter worth $6,076,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in H World Group by 109.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock worth $8,292,000 after purchasing an additional 131,189 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of H World Group by 11.2% during the fourth quarter. Nordea Investment Management AB now owns 508,422 shares of the company's stock worth $16,961,000 after buying an additional 51,213 shares in the last quarter. Finally, Blue Trust Inc. raised 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 buying an additional 650 shares during the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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H World Group Trading Down 1.1 %

NASDAQ:HTHT traded down $0.42 on Tuesday, hitting $37.33. The stock had a trading volume of 1,334,416 shares, compared to its average volume of 1,746,565. The company has a fifty day moving average price of $34.78 and a two-hundred day moving average price of $34.74. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.28 and a beta of 0.70.

H World Group Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.95 dividend. The ex-dividend date is Wednesday, April 9th. This is a boost from H World Group's previous -- dividend of $0.34. This represents a yield of 4.1%. H World Group's dividend payout ratio is currently 141.79%.

Wall Street Analyst Weigh In

HTHT has been the topic of a number of recent research reports. Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price on the stock. in a report on Wednesday, February 5th. Finally, Benchmark cut their price target on H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.