Canada Pension Plan Investment Board Purchases 669,200 Shares of H World Group Limited (NASDAQ:HTHT)

Canada Pension Plan Investment Board lifted its position in H World Group Limited (NASDAQ:HTHT) by 80.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,500,432 shares of the company’s stock after purchasing an additional 669,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in H World Group were worth $58,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HTHT. Blue Trust Inc. lifted its position in H World Group by 48.6% during the 4th quarter. Blue Trust Inc. now owns 3,386 shares of the company’s stock worth $113,000 after buying an additional 1,108 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in H World Group during the 4th quarter worth about $177,000. Vestmark Advisory Solutions Inc. acquired a new position in H World Group during the 4th quarter worth about $221,000. NewEdge Wealth LLC acquired a new position in H World Group during the 4th quarter worth about $221,000. Finally, Panagora Asset Management Inc. lifted its position in H World Group by 28.1% during the 4th quarter. Panagora Asset Management Inc. now owns 6,911 shares of the company’s stock worth $231,000 after buying an additional 1,517 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HTHT. Macquarie began coverage on shares of H World Group in a research report on Friday, April 19th. They set an “outperform” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of H World Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Finally, CLSA assumed coverage on shares of H World Group in a research report on Friday, April 26th. They set a “buy” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, H World Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

H World Group Stock Performance

H World Group stock opened at $31.10 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. H World Group Limited has a 1 year low of $29.87 and a 1 year high of $48.84. The company has a market cap of $10.16 billion, a PE ratio of 19.32, a PEG ratio of 1.07 and a beta of 0.76. The company’s 50-day moving average is $33.97 and its two-hundred day moving average is $35.78.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings results on Friday, May 17th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $731.00 million during the quarter. H World Group had a net margin of 16.47% and a return on equity of 28.59%. Equities analysts anticipate that H World Group Limited will post 1.85 earnings per share for the current year.

H World Group Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th will be given a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a dividend yield of 3.9%. H World Group’s dividend payout ratio is 37.27%.

H World Group Company Profile

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.