Nuveen Asset Management LLC Purchases 1,842,244 Shares of H World Group Limited (NASDAQ:HTHT)

Nuveen Asset Management LLC grew its position in H World Group Limited (NASDAQ:HTHT) by 625.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,136,770 shares of the company’s stock after acquiring an additional 1,842,244 shares during the quarter. Nuveen Asset Management LLC owned 0.68% of H World Group worth $70,578,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. bought a new stake in shares of H World Group in the 4th quarter worth approximately $33,000. US Bancorp DE lifted its position in shares of H World Group by 21.2% during the 4th quarter. US Bancorp DE now owns 4,839 shares of the company’s stock worth $160,000 after buying an additional 845 shares during the period. Blue Trust Inc. lifted its position in shares of H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after buying an additional 650 shares during the period. iA Global Asset Management Inc. bought a new position in shares of H World Group during the 4th quarter worth approximately $196,000. Finally, Mariner LLC lifted its position in shares of H World Group by 33.8% during the 4th quarter. Mariner LLC now owns 8,120 shares of the company’s stock worth $268,000 after buying an additional 2,050 shares during the period. Institutional investors own 46.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Hsbc Global Res downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Morgan Stanley restated an “overweight” rating on shares of H World Group in a research report on Monday, March 31st. Finally, HSBC downgraded H World Group from a “buy” rating to a “hold” rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

H World Group Trading Up 0.7%

HTHT stock opened at $37.58 on Friday. The company has a market cap of $11.53 billion, a P/E ratio of 22.78, a PEG ratio of 1.28 and a beta of 0.45. H World Group Limited has a twelve month low of $27.03 and a twelve month high of $42.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $35.64 and a 200-day moving average of $34.65.

H World Group Increases Dividend

The company also recently announced a — dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a dividend yield of 4.1%. This is an increase from H World Group’s previous — dividend of $0.34. H World Group’s payout ratio is presently 141.79%.

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.