National Bank of Canada FI Makes New $22.68 Million Investment in H World Group Limited (NASDAQ:HTHT)

National Bank of Canada FI acquired a new position in H World Group Limited (NASDAQ:HTHT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 686,500 shares of the company’s stock, valued at approximately $22,675,000. National Bank of Canada FI owned about 0.22% of H World Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HTHT. Blue Trust Inc. boosted its position in shares of H World Group by 13.5% in the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock valued at $181,000 after purchasing an additional 650 shares during the period. DnB Asset Management AS lifted its stake in H World Group by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company’s stock worth $485,000 after acquiring an additional 784 shares in the last quarter. Rhumbline Advisers boosted its position in H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company’s stock worth $1,146,000 after acquiring an additional 791 shares during the period. US Bancorp DE grew its stake in H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after acquiring an additional 845 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after purchasing an additional 936 shares during the period. 46.41% of the stock is currently owned by institutional investors.

H World Group Stock Down 0.4 %

HTHT stock opened at $37.14 on Friday. The firm has a market cap of $11.64 billion, a PE ratio of 22.51, a PEG ratio of 1.28 and a beta of 0.60. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98. The company has a fifty day simple moving average of $35.68 and a 200 day simple moving average of $35.11. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

H World Group Increases Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.95 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from H World Group’s previous — dividend of $0.34. H World Group’s dividend payout ratio is 141.79%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HTHT. HSBC downgraded shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.68.

H World Group 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.