H World Group Limited Sponsored ADR $HTHT Stock: Sumitomo Mitsui Trust Group Inc. Reduces Stake

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 417,894 shares of the company’s stock after selling 10,049 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in H World Group were worth $17,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HTHT. Sei Investments Co. increased its holdings in H World Group by 263.2% in the first quarter. Sei Investments Co. now owns 694,986 shares of the company’s stock valued at $34,951,000 after purchasing an additional 503,629 shares during the last quarter. KBC Group NV lifted its position in H World Group by 493.2% in the 1st quarter. KBC Group NV now owns 517,397 shares of the company’s stock valued at $26,020,000 after acquiring an additional 430,176 shares in the last quarter. Rovida Investment Management Ltd bought a new stake in shares of H World Group in the first quarter valued at about $10,058,000. Barings LLC acquired a new position in H World Group during the 1st quarter worth approximately $8,356,000. Finally, Renaissance Technologies LLC boosted its holdings in H World Group by 11.1% during the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company’s stock worth $70,013,000 after purchasing an additional 139,300 shares during the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Down 0.0%

Shares of NASDAQ HTHT opened at $50.22 on Friday. The stock’s fifty day moving average is $44.92 and its 200 day moving average is $46.97. The stock has a market capitalization of $15.84 billion, a P/E ratio of 22.12, a PEG ratio of 1.77 and a beta of 0.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.21. H World Group Limited Sponsored ADR has a 52 week low of $39.86 and a 52 week high of $56.63.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, topping 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. Sell-side analysts forecast that H World Group Limited Sponsored ADR will post 2.49 earnings per share for the current fiscal year.

H World Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This is a negative change from H World Group’s previous dividend of $1.30. This represents a yield of 394.0%. H World Group’s payout ratio is presently 74.89%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HTHT shares. Weiss Ratings raised H World Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Benchmark reiterated a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Finally, Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

H World Group Profile

H World Group Limited is a hospitality company that operates, leases, franchises and manages a broad portfolio of hotels. The company serves business and leisure travelers through brands positioned across the economy, midscale, upscale and luxury segments, with accommodations ranging from limited-service hotels to full-service and resort properties.

Its portfolio includes Chinese brands such as HanTing Hotel, JI Hotel, Orange Hotel, Starway Hotel, Hi Inn, Elan Hotel, Manxin Hotel and CitiGO, as well as international brands including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.