Public Employees Retirement System of Ohio Takes $2.23 Million Position in H World Group Limited Sponsored ADR $HTHT

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

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in H World Group by 11.2% during the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after acquiring an additional 936 shares in the last quarter. Norges Bank bought a new position in shares of H World Group during the second quarter valued at approximately $888,000. EverSource Wealth Advisors LLC lifted its holdings in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of H World Group in the 2nd quarter worth approximately $2,881,000. Finally, Jump Financial LLC bought a new stake in shares of H World Group in the 2nd quarter worth approximately $651,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

H World Group Price Performance

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

H World Group (NASDAQ:HTHT) last issued its earnings results on Monday, August 17th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.88 million. H World Group had a return on equity of 41.05% and a net margin of 18.90%. As a group, research analysts expect that H World Group Limited Sponsored ADR will post 2.6 EPS for the current fiscal year.

H World Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a $0.87 dividend. This represents a yield of 373.0%. The ex-dividend date is Tuesday, September 8th. H World Group’s dividend payout ratio (DPR) is presently 112.78%.

Analyst Upgrades and Downgrades

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

H World Group Profile

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.