Rovida Investment Management Ltd Buys New Shares in H World Group Limited (NASDAQ:HTHT)

Rovida Investment Management Ltd purchased a new position in H World Group Limited (NASDAQ:HTHT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $8,258,000. H World Group makes up 2.6% of Rovida Investment Management Ltd’s holdings, making the stock its 8th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in H World Group in the 4th quarter worth approximately $1,519,000. Sei Investments Co. boosted its position in shares of H World Group by 964.0% in the fourth quarter. Sei Investments Co. now owns 139,921 shares of the company’s stock worth $4,622,000 after purchasing an additional 126,770 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of H World Group in the fourth quarter worth $196,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of H World Group by 7.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 38,700 shares of the company’s stock valued at $1,272,000 after purchasing an additional 2,600 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of H World Group during the 4th quarter valued at $33,000. Institutional investors own 46.41% of the company’s stock.

H World Group Trading Up 0.4 %

Shares of H World Group stock opened at $37.75 on Tuesday. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $34.78 and a 200-day moving average price of $34.74. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.28 and a beta of 0.70.

H World Group Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.95 per share. This represents a yield of 4.1%. The ex-dividend date is Wednesday, April 9th. This is a boost from H World Group’s previous — dividend of $0.34. H World Group’s dividend payout ratio (DPR) is currently 141.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HTHT shares. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target for the company. in a research note on Wednesday, February 5th. Benchmark decreased their target price on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.68.

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.