Nordea Investment Management AB Purchases 226,865 Shares of H World Group Limited Sponsored ADR $HTHT

Nordea Investment Management AB lifted its position in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 40.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 790,947 shares of the company’s stock after acquiring an additional 226,865 shares during the period. Nordea Investment Management AB’s holdings in H World Group were worth $26,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its position in H World Group by 47.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,156 shares of the company’s stock valued at $277,000 after purchasing an additional 2,631 shares during the period. Aberdeen Group plc lifted its position in H World Group by 14.7% during the second quarter. Aberdeen Group plc now owns 48,605 shares of the company’s stock valued at $1,650,000 after purchasing an additional 6,218 shares during the period. US Bancorp DE lifted its position in H World Group by 221.3% during the second quarter. US Bancorp DE now owns 21,207 shares of the company’s stock valued at $719,000 after purchasing an additional 14,607 shares during the period. DAVENPORT & Co LLC lifted its position in H World Group by 28.3% during the second quarter. DAVENPORT & Co LLC now owns 44,831 shares of the company’s stock valued at $1,521,000 after purchasing an additional 9,876 shares during the period. Finally, USA Financial Formulas bought a new position in H World Group during the second quarter valued at approximately $28,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Up 1.6%

HTHT opened at $37.79 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. H World Group Limited Sponsored ADR has a 1-year low of $30.13 and a 1-year high of $40.56. The company has a market capitalization of $11.63 billion, a PE ratio of 22.77, a PEG ratio of 1.81 and a beta of 0.35. The firm’s 50 day simple moving average is $36.90 and its two-hundred day simple moving average is $35.15.

H World Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th were paid a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a dividend yield of 435.0%. H World Group’s dividend payout ratio is 95.18%.

Wall Street Analysts Forecast Growth

HTHT has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of H World Group in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Finally, Zacks Research upgraded shares of H World Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, H World Group has an average rating of “Hold” and an average price target of $40.80.

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.