Yiheng Capital Management L.P. Sells 297,583 Shares of H World Group Limited (NASDAQ:HTHT)

Yiheng Capital Management L.P. trimmed its position in shares of H World Group Limited (NASDAQ:HTHT - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,306,395 shares of the company's stock after selling 297,583 shares during the quarter. H World Group accounts for approximately 1.7% of Yiheng Capital Management L.P.'s portfolio, making the stock its 4th largest holding. Yiheng Capital Management L.P. owned about 0.42% of H World Group worth $43,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HTHT. Blue Trust Inc. boosted its position in shares of H World Group by 13.5% in the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after acquiring an additional 650 shares during the period. Rhumbline Advisers boosted its holdings in H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after acquiring an additional 791 shares during the period. US Bancorp DE increased its stake in shares of H World Group by 21.2% in the fourth 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 period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of 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 acquiring an additional 936 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in H World Group during the 4th quarter valued at approximately $33,000. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

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H World Group Trading Down 1.1 %

H World Group stock traded down $0.42 during mid-day trading on Tuesday, hitting $37.33. The company's stock had a trading volume of 1,334,416 shares, compared to its average volume of 1,746,565. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $11.70 billion, a PE ratio of 22.62, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a 50 day moving average of $34.78 and a 200-day moving average of $34.74. H World Group Limited has a one year low of $27.03 and a one year high of $42.98.

H World Group Increases Dividend

The business also recently declared a -- dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 4.1%. This is a boost from H World Group's previous -- dividend of $0.34. H World Group's dividend payout ratio (DPR) is currently 141.79%.

Wall Street Analyst Weigh In

HTHT has been the topic of several research reports. Benchmark dropped their price target on H World Group from $53.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. HSBC cut H World Group from a "buy" rating to a "hold" rating and set a $32.40 price target for the company. in a research note on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, H World Group presently has a consensus rating of "Moderate Buy" and an average target price 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.