Renaissance Technologies LLC Acquires 669,985 Shares of H World Group Limited (NASDAQ:HTHT)

Renaissance Technologies LLC boosted its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 213.6% during the 4th quarter, Holdings Channel reports. The firm owned 983,585 shares of the company’s stock after buying an additional 669,985 shares during the period. Renaissance Technologies LLC’s holdings in H World Group were worth $32,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its holdings in H World Group by 1,325.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company’s stock valued at $38,092,000 after buying an additional 1,072,366 shares in the last quarter. Norges Bank bought a new position in shares of H World Group during the fourth quarter worth $29,005,000. National Bank of Canada FI purchased a new position in H World Group during the fourth quarter valued at $22,675,000. Headwater Capital Co Ltd purchased a new position in H World Group during the fourth quarter valued at $9,909,000. Finally, FIL Ltd increased its holdings in H World Group by 32.9% in the 4th quarter. FIL Ltd now owns 1,032,700 shares of the company’s stock valued at $34,110,000 after acquiring an additional 255,829 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on HTHT shares. Hsbc Global Res downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. HSBC lowered 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, Morgan Stanley reaffirmed an “overweight” rating on shares of H World Group in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.68.

H World Group Trading Up 1.8 %

Shares of NASDAQ HTHT opened at $32.40 on Friday. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The business’s 50 day moving average is $35.63 and its two-hundred day moving average is $35.23. The stock has a market capitalization of $10.15 billion, a P/E ratio of 19.64, a PEG ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The business 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. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 4.1%. This is an increase from H World Group’s previous — dividend of $0.34. H World Group’s payout ratio is currently 141.79%.

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.