Renaissance Technologies LLC Has $32.49 Million Stake in H World Group Limited (NASDAQ:HTHT)

Renaissance Technologies LLC grew its stake in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 213.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 983,585 shares of the company's stock after acquiring an additional 669,985 shares during the quarter. Renaissance Technologies LLC owned about 0.31% of H World Group worth $32,488,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 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 purchasing an additional 650 shares in the last quarter. DnB Asset Management AS increased its stake in shares of H World Group by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock valued at $485,000 after purchasing an additional 784 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock worth $1,146,000 after buying an additional 791 shares in the last quarter. US Bancorp DE lifted its position in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company's stock worth $160,000 after buying an additional 845 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in H World Group by 11.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock valued at $290,000 after buying an additional 936 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently commented on HTHT shares. HSBC cut shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a report on Wednesday, February 5th. Morgan Stanley reissued an "overweight" rating on shares of H World Group in a research note on Monday, March 31st. Finally, Hsbc Global Res cut shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.68.

H World Group Trading Up 3.7 %

NASDAQ:HTHT traded up $1.20 during mid-day trading on Monday, hitting $33.60. 3,828,829 shares of the company's stock were exchanged, compared to its average volume of 1,961,822. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. H World Group Limited has a fifty-two week low of $27.03 and a fifty-two week high of $42.98. The company has a 50 day simple moving average of $35.68 and a 200-day simple moving average of $35.19. The firm has a market capitalization of $10.53 billion, a P/E ratio of 20.36, a PEG ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Investors 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 4.1%. H World Group's payout ratio is currently 141.79%.

H World Group 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.