Corvex Management LP Makes New $3.46 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Corvex Management LP bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 institutional investors and hedge funds have also recently modified their holdings of WH. Crestline Management LP bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $1,764,000. Cetera Investment Advisers raised its holdings in Wyndham Hotels & Resorts by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 12,855 shares of the company's stock valued at $1,296,000 after buying an additional 233 shares during the period. Brevan Howard Capital Management LP lifted its position in Wyndham Hotels & Resorts by 4.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 11,473 shares of the company's stock worth $1,156,000 after buying an additional 456 shares during the last quarter. Captrust Financial Advisors boosted its stake in Wyndham Hotels & Resorts by 22.7% during the fourth quarter. Captrust Financial Advisors now owns 3,277 shares of the company's stock worth $330,000 after buying an additional 606 shares during the period. Finally, Bain Capital Public Equity LP bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $1,961,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Up 0.3 %

Shares of NYSE:WH traded up $0.22 on Friday, reaching $84.51. The company had a trading volume of 700,136 shares, compared to its average volume of 847,325. The firm has a market capitalization of $6.51 billion, a PE ratio of 23.28, a PEG ratio of 1.87 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The firm's 50 day simple moving average is $87.30 and its 200-day simple moving average is $96.35.

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

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.94%. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 17th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 38.86%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WH shares. The Goldman Sachs Group dropped their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target for the company in a research note on Monday, March 24th. Jefferies Financial Group cut their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Susquehanna lifted their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $108.48.

About Wyndham Hotels & Resorts

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.