H World Group Limited (NASDAQ:HTHT) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of H World Group Limited (NASDAQ:HTHT) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 67,004 shares of the company’s stock after acquiring an additional 950 shares during the quarter. Handelsbanken Fonder AB’s holdings in H World Group were worth $2,493,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of H World Group by 22.6% during the second quarter. Creative Planning now owns 12,964 shares of the company’s stock worth $432,000 after purchasing an additional 2,394 shares during the period. Scientech Research LLC acquired a new stake in H World Group during the 2nd quarter valued at approximately $673,000. The Manufacturers Life Insurance Company boosted its holdings in shares of H World Group by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 348,775 shares of the company’s stock valued at $11,621,000 after acquiring an additional 7,998 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of H World Group in the second quarter worth $503,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of H World Group by 724.3% during the second quarter. Public Sector Pension Investment Board now owns 570,887 shares of the company’s stock worth $19,022,000 after purchasing an additional 501,634 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark lowered their price target 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $47.80.

H World Group Stock Performance

HTHT opened at $40.42 on Thursday. The stock has a market cap of $13.20 billion, a P/E ratio of 25.11, a P/E/G ratio of 0.85 and a beta of 0.77. 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 firm has a fifty day moving average price of $31.33 and a 200 day moving average price of $34.48. H World Group Limited has a 1 year low of $27.03 and a 1 year high of $42.98.

H World Group (NASDAQ:HTHT) last posted its earnings results 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). H World Group had a return on equity of 29.32% and a net margin of 16.32%. The firm had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $839.89 million. Equities research analysts anticipate that H World Group Limited will post 1.81 earnings per share for the current year.

H World Group Cuts Dividend

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