WCM Investment Management LLC increased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating ) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 320,670 shares of the company’s stock after buying an additional 2,566 shares during the period. WCM Investment Management LLC owned about 0.36% of Wyndham Hotels & Resorts worth $22,867,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Louisiana Public Employees Retirement System acquired a new position in Wyndham Hotels & Resorts during the 3rd quarter valued at approximately $1,472,000. Avantax Advisory Services Inc. acquired a new position in Wyndham Hotels & Resorts during the third quarter valued at approximately $243,000. Maryland State Retirement and Retirement System acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $526,000. Verition Fund Management LLC increased its position in Wyndham Hotels & Resorts by 21.5% in the third quarter. Verition Fund Management LLC now owns 25,693 shares of the company’s stock valued at $1,576,000 after purchasing an additional 4,547 shares in the last quarter. Finally, Wedge Capital Management LLP NC acquired a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $35,088,000. Institutional investors and hedge funds own 91.13% of the company’s shares.
Introducing Wyndham Hotels & Resorts shares
Shares of NYSE:WH traded up $0.92 on Friday, reaching $67.72. 438,492 shares of the company were exchanged, with an average volume of 864,965. The company’s 50-day moving average price is $70.23 and the 200-day moving average price is $71.87. Wyndham Hotels & Resorts, Inc. has a one year low of $58.81 and a one year high of $91.66. The company has a debt-to-equity ratio of 2.14, a quick earnings ratio of 1.34, and a current ratio of 1.34. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.92 and a beta of 1.39.
Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last posted its earnings results on Wednesday, April 26th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Wyndham Hotels & Resorts had a net margin of 21.94% and a return on equity of 33.33%. The business had revenue of $313.00 million for the quarter, compared to analysts’ expectations of $322.68 million. In the same quarter last year, the firm posted earnings of $0.95 per share. The company’s revenue for the quarter was down 15.6% year over year. Analysts expect Wyndham Hotels & Resorts, Inc. to report 3.96 earnings per share for the current year.
Wyndham Hotels & Resorts increases dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th were given a $0.35 dividend. This is an increase from Wyndham Hotels & Resorts’ previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $1.40 annual dividend and a yield of 2.07%. Wyndham Hotels & Resorts’ payout ratio is currently 35.90%.
Insiders place their bets
In related news, CMO Lisa Checchio sold 6,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $76.90, for a total value of $461,400.00. Following the completion of the transaction, the chief marketing officer now directly owns 13,692 shares of the company’s stock, valued at $1,052,914.80. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Insiders own 2.29% of the company’s stock.
Analysts set new price targets
A number of analysts have weighed in on WH shares. Morgan Stanley boosted their target price on Wyndham Hotels & Resorts from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 7th. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday, March 16th. They issued a “hold” rating on the company. Stifel Nicolaus decreased their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $81.00 in a research note on Thursday. Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Finally, Robert W. Baird reduced their target price on Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Thursday, March 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $87.14, according to MarketBeat .
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc. engages in the franchising and operation of hotels under the Wyndham brand. It operates in the following segments: Hotel Franchising and Hotel Management. The Hotel Franchise segment offers brand name licenses and related trademarks to hotel owners under long-term franchise agreements.
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