KLP Kapitalforvaltning AS Takes Position in H World Group Limited (NASDAQ:HTHT)

KLP Kapitalforvaltning AS bought a new position in H World Group Limited (NASDAQ:HTHT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 46,000 shares of the company’s stock, valued at approximately $1,519,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in shares of H World Group during the fourth quarter worth about $33,000. US Bancorp DE boosted its holdings in shares of H World Group by 21.2% in the 4th 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. Blue Trust Inc. increased its stake 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 worth $181,000 after acquiring an additional 650 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of H World Group during the fourth quarter worth $196,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in H World Group by 11.9% during 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 purchasing an additional 936 shares during the period. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Trading Down 3.4 %

HTHT stock opened at $36.77 on Friday. The firm has a market cap of $11.52 billion, a P/E ratio of 22.28, a PEG ratio of 1.28 and a beta of 0.70. The company’s 50-day simple moving average is $35.27 and its 200-day simple moving average is $34.89. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. 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 firm also recently announced a — dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.95 per share. This is a positive change 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 (DPR) is 141.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, H World Group has an average rating of “Moderate Buy” and a consensus 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.