Royal London Asset Management Ltd. Acquires Shares of 326,700 H World Group Limited (NASDAQ:HTHT)

Royal London Asset Management Ltd. acquired a new position in H World Group Limited (NASDAQ:HTHT) during the second quarter, HoldingsChannel reports. The fund acquired 326,700 shares of the company’s stock, valued at approximately $10,886,000.

Several other large investors also recently made changes to their positions in HTHT. Candriam S.C.A. bought a new stake in H World Group during the 2nd quarter worth about $616,000. Fiera Capital Corp increased its holdings in shares of H World Group by 41.2% in the second quarter. Fiera Capital Corp now owns 30,038 shares of the company’s stock valued at $1,001,000 after purchasing an additional 8,758 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of H World Group by 47,317.1% in the second quarter. Van ECK Associates Corp now owns 97,205 shares of the company’s stock valued at $3,239,000 after purchasing an additional 97,000 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in H World Group by 104.2% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,782 shares of the company’s stock worth $692,000 after purchasing an additional 10,605 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in H World Group by 30.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 215,003 shares of the company’s stock worth $7,164,000 after buying an additional 50,128 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Benchmark dropped their target price on H World Group from $64.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on H World Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.80.

H World Group Stock Performance

Shares of H World Group stock opened at $28.73 on Friday. The firm has a fifty day moving average of $29.84 and a two-hundred day moving average of $34.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.15 and a beta of 0.76. H World Group Limited has a 52 week low of $27.03 and a 52 week high of $42.21.

H World Group Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were paid a $0.63 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, August 14th. H World Group’s payout ratio is 75.16%.

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.