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

KLP Kapitalforvaltning AS bought a new position in H World Group Limited (NASDAQ:HTHT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,000 shares of the company's stock, valued at approximately $1,519,000.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in H World Group by 964.0% during the 4th quarter. Sei Investments Co. now owns 139,921 shares of the company's stock valued at $4,622,000 after acquiring an additional 126,770 shares during the period. iA Global Asset Management Inc. purchased a new stake in H World Group during the 4th quarter worth about $196,000. Skandinaviska Enskilda Banken AB publ boosted its stake in H World Group by 7.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 38,700 shares of the company's stock worth $1,272,000 after purchasing an additional 2,600 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of H World Group during the fourth quarter valued at about $33,000. Finally, US Bancorp DE lifted its holdings in shares of H World Group by 21.2% in the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after buying an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Trading Up 0.5 %

H World Group stock traded up $0.19 during mid-day trading on Wednesday, hitting $37.29. The company's stock had a trading volume of 1,566,670 shares, compared to its average volume of 1,899,752. The business has a 50 day moving average price of $35.58 and a 200-day moving average price of $35.10. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 22.60, 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 current ratio of 0.88 and a quick ratio of 0.87.

H World Group Increases Dividend

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

Wall Street Analyst Weigh In

HTHT has been the subject of several recent analyst reports. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.68.

About H World Group

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.