Corvex Management LP Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Corvex Management LP bought a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,345 shares of the company's stock, valued at approximately $3,462,000. Wyndham Hotels & Resorts comprises approximately 0.1% of Corvex Management LP's portfolio, making the stock its 27th biggest holding.

A number of other large investors have also recently modified their holdings of WH. Bessemer Group Inc. lifted its holdings in 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 worth $134,414,000 after buying an additional 1,328,292 shares during the period. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $104,774,000. JPMorgan Chase & Co. increased its holdings in Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock worth $122,261,000 after buying an additional 972,708 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter worth approximately $54,738,000. Finally, Balyasny Asset Management L.P. purchased a new position in Wyndham Hotels & Resorts in the fourth quarter worth about $29,846,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lowered their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial reduced their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley dropped their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Wyndham Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $109.81.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $84.15 on Tuesday. The firm's fifty day moving average is $89.12 and its two-hundred day moving average is $96.41. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.87 and a beta of 1.08. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $113.07.

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

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.95%. Wyndham Hotels & Resorts's dividend payout ratio 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.

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