H World Group Limited Sponsored ADR $HTHT Shares Purchased by M&G PLC

M&G PLC lifted its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 12.5% during the third quarter, HoldingsChannel reports. The firm owned 6,855,931 shares of the company’s stock after purchasing an additional 764,462 shares during the period. H World Group accounts for about 1.5% of M&G PLC’s holdings, making the stock its 13th largest position. M&G PLC’s holdings in H World Group were worth $294,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in H World Group during the 3rd quarter valued at about $246,000. Parallel Advisors LLC boosted its position in H World Group by 73.6% in the 3rd quarter. Parallel Advisors LLC now owns 3,147 shares of the company’s stock valued at $135,000 after buying an additional 1,334 shares during the period. Rakuten Investment Management Inc. bought a new position in H World Group in the 3rd quarter worth about $478,000. AIA Group Ltd grew its stake in H World Group by 13.6% in the 3rd quarter. AIA Group Ltd now owns 210,449 shares of the company’s stock worth $9,007,000 after acquiring an additional 25,145 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in H World Group in the 3rd quarter worth about $260,000. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Performance

HTHT stock opened at $50.21 on Tuesday. H World Group Limited Sponsored ADR has a 1-year low of $39.86 and a 1-year high of $56.63. The business has a 50-day moving average price of $45.03 and a 200 day moving average price of $46.99. The company has a market capitalization of $15.84 billion, a P/E ratio of 22.12, a PEG ratio of 1.77 and a beta of 0.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20.

H World Group (NASDAQ:HTHT) last issued its earnings results on Friday, August 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $998.88 million. As a group, equities research analysts forecast that H World Group Limited Sponsored ADR will post 2.49 EPS for the current fiscal year.

H World Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a $0.87 dividend. This represents a dividend yield of 394.0%. The ex-dividend date of this dividend was Tuesday, September 8th. This is a drop from H World Group’s previous dividend of $1.30. H World Group’s dividend payout ratio is currently 74.89%.

Wall Street Analyst Weigh In

HTHT has been the subject of a number of research reports. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Benchmark reissued a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Finally, Weiss Ratings upgraded H World Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.20.

About H World Group

H World Group Limited is a hotel company that develops, operates, franchises and manages hotels. Its business includes both directly operated properties and hotels run by third-party owners under its brands and management or franchise arrangements.

The company’s portfolio includes brands serving different market segments, such as HanTing, JI Hotel and Crystal Orange in China, as well as Steigenberger, IntercityHotel and Zleep Hotels through its European operations. Its offerings range from economy and midscale lodging to upscale hotels.

Founded in China in 2005 as Huazhu, the company later adopted the name H World Group.