Frank Rimerman Advisors LLC Purchases Shares of 17,033 H World Group Limited (NASDAQ:HTHT)

Frank Rimerman Advisors LLC acquired a new position in shares of H World Group Limited (NASDAQ:HTHT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,033 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds have also modified their holdings of HTHT. Blue Trust Inc. lifted its position in H World Group by 716.7% during the second quarter. Blue Trust Inc. now owns 1,225 shares of the company’s stock valued at $41,000 after buying an additional 1,075 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of H World Group in the second quarter valued at about $91,000. AdvisorShares Investments LLC purchased a new stake in shares of H World Group during the 4th quarter valued at about $177,000. BOCHK Asset Management Ltd purchased a new stake in shares of H World Group during the 4th quarter valued at about $234,000. Finally, Capstone Investment Advisors LLC purchased a new position in H World Group in the 4th quarter worth approximately $238,000. 46.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their price objective on shares of H World Group from $64.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and a consensus target price of $47.80.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $29.63 on Tuesday. The stock’s 50 day moving average price is $29.51 and its 200 day moving average price is $34.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.12 and a beta of 0.76. H World Group Limited has a 12 month low of $27.03 and a 12 month high of $42.21.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $839.89 million. H World Group had a return on equity of 29.32% and a net margin of 16.32%. Equities research analysts anticipate that H World Group Limited will post 1.74 earnings per share for the current fiscal year.

H World Group Cuts Dividend

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

About H World Group

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.