CANADA LIFE ASSURANCE Co Increases Stake in H World Group Limited (NASDAQ:HTHT)

CANADA LIFE ASSURANCE Co grew its position in H World Group Limited (NASDAQ:HTHT) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 259,597 shares of the company’s stock after buying an additional 4,609 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of H World Group worth $8,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HTHT. Geode Capital Management LLC raised its position in H World Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,318,279 shares of the company’s stock worth $43,276,000 after buying an additional 32,409 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in H World Group by 1,325.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,153,267 shares of the company’s stock valued at $38,092,000 after purchasing an additional 1,072,366 shares during the period. FIL Ltd boosted its holdings in H World Group by 32.9% in the fourth quarter. FIL Ltd now owns 1,032,700 shares of the company’s stock worth $34,110,000 after purchasing an additional 255,829 shares during the last quarter. Renaissance Technologies LLC grew its position in H World Group by 213.6% in the 4th quarter. Renaissance Technologies LLC now owns 983,585 shares of the company’s stock worth $32,488,000 after purchasing an additional 669,985 shares during the period. Finally, Norges Bank purchased a new stake in H World Group during the 4th quarter valued at $29,005,000. Institutional investors own 46.41% of the company’s stock.

H World Group Stock Performance

HTHT stock opened at $34.45 on Tuesday. The firm has a 50-day simple moving average of $35.88 and a two-hundred day simple moving average of $35.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. H World Group Limited has a one year low of $27.03 and a one year high of $42.98. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.28 and a beta of 0.60.

H World Group Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is 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 dividend payout ratio is 141.79%.

Analysts Set New Price Targets

Several research firms have recently commented on HTHT. Morgan Stanley reaffirmed an “overweight” rating on shares of H World Group in a research report on Monday, March 31st. HSBC cut shares of H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a research note on Wednesday, February 5th. Finally, Hsbc Global Res lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.85.

H World Group 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.