Royal London Asset Management Ltd. Cuts Stock Holdings in H World Group Limited (NASDAQ:HTHT)

Royal London Asset Management Ltd. cut its stake in H World Group Limited (NASDAQ:HTHT - Free Report) by 38.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,600 shares of the company's stock after selling 124,100 shares during the period. Royal London Asset Management Ltd. owned 0.06% of H World Group worth $6,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Temasek Holdings Private Ltd acquired a new stake in shares of H World Group during the third quarter worth $81,840,000. TT International Asset Management LTD bought a new stake in H World Group during the third quarter valued at $24,915,000. Headwater Capital Co Ltd acquired a new stake in H World Group during the 4th quarter worth about $9,909,000. Waverton Investment Management Ltd bought a new position in shares of H World Group in the 4th quarter worth about $6,076,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of H World Group by 109.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 251,056 shares of the company's stock valued at $8,292,000 after purchasing an additional 131,189 shares during the period. Institutional investors and hedge funds own 46.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark lowered their target price on H World Group from $53.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, HSBC lowered shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price on the stock. in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.68.

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H World Group Stock Up 0.4 %

NASDAQ HTHT traded up $0.17 during mid-day trading on Thursday, hitting $38.08. The company's stock had a trading volume of 2,948,607 shares, compared to its average volume of 1,753,971. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.28 and a beta of 0.70. The company's 50 day simple moving average is $35.02 and its 200 day simple moving average is $34.82. 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 twelve month low of $27.03 and a twelve month high of $42.98.

H World Group Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.95 per share. 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 is Wednesday, April 9th. H World Group's dividend payout ratio (DPR) 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.