Victory Capital Management Inc. Raises Stock Position in H World Group Limited (NASDAQ:HTHT)

Victory Capital Management Inc. boosted its holdings in H World Group Limited (NASDAQ:HTHTFree Report) by 36.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 917,965 shares of the company’s stock after purchasing an additional 247,469 shares during the quarter. Victory Capital Management Inc.’s holdings in H World Group were worth $36,195,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of H World Group by 8.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,300 shares of the company’s stock valued at $800,000 after acquiring an additional 1,500 shares during the last quarter. Broad Peak Investment Holdings Ltd. lifted its holdings in shares of H World Group by 110.7% in the 3rd quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock valued at $53,656,000 after acquiring an additional 714,801 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of H World Group by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 385,591 shares of the company’s stock valued at $15,204,000 after acquiring an additional 9,494 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of H World Group by 28.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 20,401 shares of the company’s stock valued at $804,000 after acquiring an additional 4,492 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of H World Group by 18.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,199 shares of the company’s stock valued at $284,000 after acquiring an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 46.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HTHT. JPMorgan Chase & Co. began coverage on shares of H World Group in a report on Tuesday. They issued an “overweight” rating and a $40.00 price target for the company. Benchmark reaffirmed a “buy” rating and issued a $64.00 price target on shares of H World Group in a report on Monday, November 27th. Finally, StockNews.com began coverage on shares of H World Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

Read Our Latest Stock Report on H World Group

H World Group Stock Down 5.0 %

Shares of NASDAQ HTHT opened at $31.90 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $10.42 billion, a P/E ratio of 23.28 and a beta of 0.92. H World Group Limited has a 1 year low of $30.20 and a 1 year high of $53.52. The firm has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $37.83.

H World Group (NASDAQ:HTHTGet Free Report) last announced its quarterly earnings data on Friday, November 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.07. The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $824.88 million. H World Group had a net margin of 15.86% and a return on equity of 26.27%. Research analysts anticipate that H World Group Limited will post 1.74 earnings per share for the current year.

H World Group Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, January 17th. Shareholders of record on Thursday, December 21st were paid a $0.93 dividend. This represents a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, December 20th. H World Group’s payout ratio is currently 43.80%.

About H World Group

(Free Report)

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.

See Also

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Institutional Ownership by Quarter for H World Group (NASDAQ:HTHT)

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