Renaissance Technologies LLC Sells 594,879 Shares of H World Group Limited (NASDAQ:HTHT)

Renaissance Technologies LLC cut its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 73.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,900 shares of the company's stock after selling 594,879 shares during the period. Renaissance Technologies LLC owned about 0.06% of H World Group worth $6,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of H World Group by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,803 shares of the company's stock worth $18,631,000 after purchasing an additional 7,572 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of H World Group by 7.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 333,542 shares of the company's stock worth $11,153,000 after purchasing an additional 21,938 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in H World Group in the 2nd quarter worth $373,000. Headlands Technologies LLC purchased a new position in H World Group during the second quarter valued at $91,000. Finally, Royal London Asset Management Ltd. bought a new stake in H World Group during the second quarter valued at about $10,886,000. 46.41% of the stock is owned by institutional investors.

H World Group Price Performance

HTHT stock traded up $5.78 during trading on Thursday, reaching $37.12. The company's stock had a trading volume of 6,331,560 shares, compared to its average volume of 1,823,318. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. The company's fifty day moving average is $29.51 and its 200-day moving average is $34.39. The company has a market capitalization of $12.12 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.21.

H World Group (NASDAQ:HTHT - Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million for the quarter, compared to analysts' expectations of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. On average, research analysts expect that H World Group Limited will post 1.81 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were given a dividend of $0.63 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Wednesday, August 14th. H World Group's payout ratio is currently 75.16%.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their price objective on H World Group from $64.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.80.

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.