Public Employees Retirement System of Ohio Makes New $2.23 Million Investment in H World Group Limited Sponsored ADR $HTHT

Public Employees Retirement System of Ohio acquired a new stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 53,408 shares of the company’s stock, valued at approximately $2,228,000.

A number of other institutional investors have also recently made changes to their positions in HTHT. Parallel Advisors LLC increased its stake in shares of H World Group by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock worth $89,000 after buying an additional 254 shares during the period. iA Global Asset Management Inc. boosted its position in H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after buying an additional 277 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in H World Group by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock worth $466,000 after acquiring an additional 486 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after acquiring an additional 649 shares during the last quarter. Finally, Oddo BHF Asset Management Sas increased its position in shares of H World Group by 16.7% in the first quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company’s stock valued at $246,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

HTHT has been the subject of several recent analyst reports. Weiss Ratings raised shares of H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Wall Street Zen raised H World Group from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark reaffirmed a “buy” rating on shares of H World Group in a research report on Tuesday, August 18th. Finally, Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, H World Group presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

H World Group Trading Down 1.2%

NASDAQ:HTHT opened at $45.77 on Friday. The company has a 50-day moving average price of $43.63 and a 200-day moving average price of $47.25. H World Group Limited Sponsored ADR has a 12 month low of $36.48 and a 12 month high of $56.63. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.63 and a beta of 0.15.

H World Group (NASDAQ:HTHT) last announced its earnings results on Monday, August 17th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $998.88 million. Equities analysts predict that H World Group Limited Sponsored ADR will post 2.6 EPS for the current year.

H World Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a dividend yield of 373.0%. H World Group’s dividend payout ratio is currently 112.78%.

About H World Group

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.