Summit Global Investments Sells 14,233 Shares of H World Group Limited (NASDAQ:HTHT)

Summit Global Investments lowered its position in H World Group Limited (NASDAQ:HTHT - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,501 shares of the company's stock after selling 14,233 shares during the period. Summit Global Investments' holdings in H World Group were worth $578,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HTHT. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of H World Group in the 3rd quarter valued at approximately $450,000. Massachusetts Financial Services Co. MA acquired a new position in shares of H World Group in the third quarter valued at approximately $1,921,000. Quantbot Technologies LP increased its position in shares of H World Group by 21.4% during the third quarter. Quantbot Technologies LP now owns 62,935 shares of the company's stock worth $2,341,000 after acquiring an additional 11,081 shares in the last quarter. Verition Fund Management LLC bought a new stake in H World Group in the 3rd quarter valued at $1,151,000. Finally, Point72 Hong Kong Ltd acquired a new position in H World Group in the 3rd quarter worth $418,000. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Stock Up 0.4 %

HTHT traded up $0.17 during trading on Thursday, reaching $38.08. 2,948,607 shares of the stock were exchanged, compared to its average volume of 1,753,971. The stock has a market cap of $11.93 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The stock's 50 day moving average price is $35.02 and its two-hundred day moving average price is $34.82. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98.

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H World Group Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.95 per share. This is an increase from H World Group's previous -- dividend of $0.34. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. H World Group's payout ratio is currently 141.79%.

Analyst Ratings Changes

A number of analysts have recently commented on HTHT shares. Benchmark cut their price target on H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. 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. Finally, HSBC lowered shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.