True Light Capital Pte. Ltd. Takes $37.60 Million Position in H World Group Limited Sponsored ADR $HTHT

True Light Capital Pte. Ltd. purchased a new stake in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 799,189 shares of the company’s stock, valued at approximately $37,602,000. H World Group accounts for approximately 17.0% of True Light Capital Pte. Ltd.’s portfolio, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. iA Global Asset Management Inc. boosted its holdings in shares of H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after acquiring an additional 277 shares during the period. Rhumbline Advisers boosted its holdings in shares of H World Group by 1.3% during the third quarter. Rhumbline Advisers now owns 27,305 shares of the company’s stock valued at $1,068,000 after acquiring an additional 352 shares during the period. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 649 shares during the period. AQR Capital Management LLC boosted its holdings in shares of H World Group by 11.2% during the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after acquiring an additional 936 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in shares of H World Group during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

H World Group Price Performance

Shares of NASDAQ HTHT opened at $45.51 on Tuesday. H World Group Limited Sponsored ADR has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The firm’s 50-day simple moving average is $50.86 and its 200 day simple moving average is $49.21. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market cap of $14.00 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.27 and a beta of 0.15.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.06 EPS for the quarter. H World Group had a net margin of 19.22% and a return on equity of 38.91%. The firm had revenue of $932.62 million for the quarter. Equities analysts expect that H World Group Limited Sponsored ADR will post 2.47 EPS for the current year.

H World Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be given a $1.30 dividend. The ex-dividend date is Monday, May 4th. This represents a yield of 542.0%. H World Group’s payout ratio is 114.80%.

Insider Buying and Selling

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 49.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HTHT. Benchmark lifted their price objective on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Friday, March 27th. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a research note on Monday, March 9th. Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, H World Group currently has a consensus rating of “Buy” and an average target price of $54.80.

H World Group Company 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.