Balyasny Asset Management L.P. Makes New $29.85 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Balyasny Asset Management L.P. purchased a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 296,118 shares of the company's stock, valued at approximately $29,846,000. Balyasny Asset Management L.P. owned about 0.38% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WH. Mutual of America Capital Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock worth $17,533,000 after buying an additional 25,702 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $248,000. Bessemer Group Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock valued at $134,414,000 after purchasing an additional 1,328,292 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $28,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock worth $85,870,000 after purchasing an additional 8,129 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

WH has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Susquehanna increased their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Barclays decreased their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $108.48.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock traded up $0.22 during mid-day trading on Friday, hitting $84.51. 700,136 shares of the company were exchanged, compared to its average volume of 846,509. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $113.07. The business's 50 day simple moving average is $87.30 and its two-hundred day simple moving average is $96.25. The company has a market capitalization of $6.51 billion, a P/E ratio of 23.28, a PEG ratio of 1.87 and a beta of 1.08.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. Analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.41 per share. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 38.86%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.