National Bank of Canada FI Purchases New Position in H World Group Limited (NASDAQ:HTHT)

National Bank of Canada FI purchased a new position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 686,500 shares of the company's stock, valued at approximately $22,675,000. National Bank of Canada FI owned approximately 0.22% of H World Group as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in shares of H World Group in the fourth quarter worth approximately $33,000. US Bancorp DE lifted its position in shares of H World Group by 21.2% in the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after purchasing an additional 845 shares during the period. Blue Trust Inc. boosted its stake in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of H World Group during the fourth quarter worth $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in H World Group by 11.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock worth $290,000 after buying an additional 936 shares during the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Stock Performance

NASDAQ:HTHT traded down $0.04 during trading on Tuesday, reaching $32.33. The company's stock had a trading volume of 711,018 shares, compared to its average volume of 1,914,603. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.98. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.28 and a beta of 0.60. The firm has a 50 day moving average of $35.69 and a 200-day moving average of $35.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88.

H World Group Increases Dividend

The business 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%. The ex-dividend date is Wednesday, April 9th. This is a boost from H World Group's previous -- dividend of $0.34. H World Group's payout ratio is 141.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on HTHT shares. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Hsbc Global Res cut H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, HSBC downgraded shares of 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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.