Strs Ohio Cuts Stock Holdings in H World Group Limited Sponsored ADR $HTHT

Strs Ohio reduced its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 66.1% during the 4th quarter, HoldingsChannel reports. The fund owned 19,500 shares of the company’s stock after selling 38,100 shares during the period. Strs Ohio’s holdings in H World Group were worth $917,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after acquiring an additional 649 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group during the 3rd quarter worth about $66,000. Osaic Holdings Inc. boosted its stake in shares of H World Group by 889.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after acquiring an additional 2,037 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of H World Group by 1,307.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock worth $92,000 after acquiring an additional 2,523 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of H World Group by 1,712.7% during the 4th quarter. Assetmark Inc. now owns 3,009 shares of the company’s stock worth $142,000 after acquiring an additional 2,843 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HTHT shares. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Friday, March 27th. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research note on Monday, March 9th. Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Benchmark increased their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, H World Group presently has an average rating of “Buy” and an average price target of $54.80.

H World Group Stock Down 2.1%

HTHT opened at $47.80 on Friday. H World Group Limited Sponsored ADR has a twelve month low of $30.41 and a twelve month high of $56.63. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $51.86 and a 200 day moving average price of $48.80. The company has a market cap of $14.70 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.15.

H World Group (NASDAQ:HTHT) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. H World Group had a net margin of 20.05% and a return on equity of 37.79%. The firm had revenue of $932.62 million during the quarter. Sell-side analysts expect that H World Group Limited Sponsored ADR will post 2.47 earnings per share for the current fiscal year.

H World Group Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 4th will be given a dividend of $1.30 per share. This represents a dividend yield of 542.0%. The ex-dividend date is Monday, May 4th. H World Group’s dividend payout ratio is 113.78%.

Insider Buying and Selling at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $50.96, for a total transaction of $1,612,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 49.40% of the stock is currently owned by company insiders.

H World Group Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.