H World Group Limited (NASDAQ:HTHT) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in H World Group Limited (NASDAQ:HTHT) by 46.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,481 shares of the company’s stock after purchasing an additional 87,572 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in H World Group were worth $10,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of H World Group by 18.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,299 shares of the company’s stock worth $5,197,000 after buying an additional 20,500 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in H World Group during the first quarter worth $394,000. US Bancorp DE raised its position in H World Group by 9.3% in the first quarter. US Bancorp DE now owns 18,964 shares of the company’s stock worth $734,000 after acquiring an additional 1,609 shares in the last quarter. Swiss National Bank increased its stake in shares of H World Group by 2.9% during the 1st quarter. Swiss National Bank now owns 467,309 shares of the company’s stock worth $18,085,000 after purchasing an additional 12,968 shares in the last quarter. Finally, OPTIMAS CAPITAL Ltd purchased a new stake in H World Group in the 1st quarter valued at approximately $4,834,000. Hedge funds and other institutional investors own 46.41% of the company’s stock.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $31.10 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $34.17 and a two-hundred day moving average of $35.76. H World Group Limited has a twelve month low of $29.87 and a twelve month high of $48.84. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.06 and a beta of 0.76.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Friday, May 17th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). H World Group had a return on equity of 28.59% and a net margin of 16.47%. The firm had revenue of $731.00 million for the quarter. As a group, analysts expect that H World Group Limited will post 1.88 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th will be issued a $0.63 dividend. The ex-dividend date is Wednesday, August 14th. This represents a yield of 3.9%. H World Group’s dividend payout ratio is currently 37.27%.

Analysts Set New Price Targets

HTHT has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Macquarie began coverage on H World Group in a research report on Friday, April 19th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, CLSA began coverage on H World Group in a research note on Friday, April 26th. They set a “buy” rating and a $47.00 price objective for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

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.