Mitsubishi UFJ Trust & Banking Corp Buys 1,679,440 Shares of H World Group Limited Sponsored ADR $HTHT

Mitsubishi UFJ Trust & Banking Corp increased its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 42.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,606,258 shares of the company’s stock after acquiring an additional 1,679,440 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in H World Group were worth $190,164,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in shares of H World Group during the second quarter worth approximately $28,000. Brooklyn Investment Group bought a new position in H World Group in the first quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd purchased a new position in H World Group during the 1st quarter worth $51,000. Hantz Financial Services Inc. increased its holdings in H World Group by 575.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after purchasing an additional 1,232 shares during the period. Finally, Taikang Asset Management Hong Kong Co Ltd bought a new stake in H World Group during the 1st quarter valued at $189,000. 46.41% of the stock is currently owned by institutional investors.

H World Group Trading Up 1.3%

NASDAQ HTHT opened at $45.20 on Wednesday. H World Group Limited Sponsored ADR has a 52 week low of $30.13 and a 52 week high of $45.22. The company has a 50 day moving average price of $38.59 and a 200 day moving average price of $35.91. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.92 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.83 and a beta of 0.33.

H World Group Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th were given a dividend of $0.79 per share. 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 presently 95.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of H World Group in a report on Tuesday, October 14th. HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Finally, Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, H World Group has a consensus rating of “Buy” and a consensus target price of $40.80.

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.