Legal & General Group Plc Has $36.48 Million Stock Position in H World Group Limited (NASDAQ:HTHT)

Legal & General Group Plc reduced its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,104,415 shares of the company's stock after selling 584,274 shares during the quarter. Legal & General Group Plc owned about 0.35% of H World Group worth $36,479,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HTHT. Headwater Capital Co Ltd acquired a new position in H World Group in the fourth quarter worth approximately $9,909,000. Waverton Investment Management Ltd acquired a new position in H World Group in the 4th quarter valued at approximately $6,076,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of H World Group by 109.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock worth $8,292,000 after acquiring an additional 131,189 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of H World Group by 11.2% during the 4th quarter. Nordea Investment Management AB now owns 508,422 shares of the company's stock worth $16,961,000 after purchasing an additional 51,213 shares in the last quarter. Finally, Blue Trust Inc. raised its position in H World Group by 13.5% during 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. Institutional investors and hedge funds own 46.41% of the company's stock.

H World Group Price Performance

Shares of NASDAQ:HTHT traded down $0.52 during trading on Friday, reaching $34.48. The stock had a trading volume of 2,463,097 shares, compared to its average volume of 1,989,882. The business's 50-day moving average price is $35.83 and its 200 day moving average price is $35.17. 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 stock has a market capitalization of $10.80 billion, a PE ratio of 20.90, a P/E/G ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

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

Analyst Ratings Changes

HTHT has been the subject of a number of analyst reports. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a research report on Wednesday, February 5th. 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, Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.68.

H World Group Company 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.