Rovida Investment Management Ltd Invests $8.26 Million in H World Group Limited (NASDAQ:HTHT)

Rovida Investment Management Ltd purchased a new stake in H World Group Limited (NASDAQ:HTHT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the company's stock, valued at approximately $8,258,000. H World Group makes up 2.6% of Rovida Investment Management Ltd's investment portfolio, making the stock its 8th largest holding. Rovida Investment Management Ltd owned approximately 0.08% of H World Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted 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. Rhumbline Advisers lifted its position in H World Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after buying an additional 791 shares during the last quarter. US Bancorp DE increased its position in shares of H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company's stock valued at $160,000 after acquiring an additional 845 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company's stock valued at $290,000 after acquiring an additional 936 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in H World Group in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 46.41% of the company's stock.

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H World Group Stock Down 3.4 %

HTHT stock traded down $1.31 during trading on Friday, hitting $36.77. 2,036,998 shares of the company's stock were exchanged, compared to its average volume of 1,902,726. The business has a 50-day moving average price of $35.27 and a two-hundred day moving average price of $34.92. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.28 and a beta of 0.70. H World Group Limited has a 52-week low of $27.03 and a 52-week high of $42.98.

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 issued 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 dividend payout ratio is presently 141.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HTHT. Hsbc Global Res cut H World Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. HSBC lowered H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target on the stock. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, H World Group currently has an average rating of "Moderate Buy" and a consensus price target of $44.68.

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.