Polymer Capital Management HK LTD Reduces Position in H World Group Limited (NASDAQ:HTHT)

Polymer Capital Management HK LTD cut its holdings in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,000 shares of the company's stock after selling 20,000 shares during the period. Polymer Capital Management HK LTD's holdings in H World Group were worth $1,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HTHT. Headwater Capital Co Ltd bought a new stake in H World Group in the fourth quarter valued at $9,909,000. Waverton Investment Management Ltd bought a new stake in shares of H World Group during the 4th quarter valued at about $6,076,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of H World Group by 109.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock valued at $8,292,000 after buying an additional 131,189 shares during the period. Nordea Investment Management AB raised its stake in H World Group by 11.2% in the fourth quarter. Nordea Investment Management AB now owns 508,422 shares of the company's stock worth $16,961,000 after buying an additional 51,213 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock worth $181,000 after buying an additional 650 shares in the last quarter. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

HTHT has been the topic of a number of research analyst reports. Hsbc Global Res downgraded H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Morgan Stanley restated an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. Finally, HSBC downgraded H World Group from a "buy" rating to a "hold" rating and set a $32.40 price objective for the company. in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.68.

H World Group Stock Up 2.4 %

Shares of H World Group stock traded up $0.77 during midday trading on Friday, hitting $32.59. The company had a trading volume of 2,599,388 shares, compared to its average volume of 1,940,269. The company has a 50 day moving average of $35.62 and a 200 day moving average of $35.22. The stock has a market capitalization of $10.21 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.28 and a beta of 0.60. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98. 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 announced a -- dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. H World Group's dividend payout ratio is currently 141.79%.

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.