Crestline Management LP Invests $1.76 Million in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Crestline Management LP purchased a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,502 shares of the company's stock, valued at approximately $1,764,000.

Other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in Wyndham Hotels & Resorts by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 12,855 shares of the company's stock valued at $1,296,000 after acquiring an additional 233 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in Wyndham Hotels & Resorts by 4.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 11,473 shares of the company's stock worth $1,156,000 after purchasing an additional 456 shares during the period. Captrust Financial Advisors boosted its position in Wyndham Hotels & Resorts by 22.7% during the 4th quarter. Captrust Financial Advisors now owns 3,277 shares of the company's stock worth $330,000 after purchasing an additional 606 shares during the period. Bain Capital Public Equity LP purchased a new position in Wyndham Hotels & Resorts in the 4th quarter valued at about $1,961,000. Finally, Baird Financial Group Inc. grew its stake in shares of Wyndham Hotels & Resorts by 11.3% during the fourth quarter. Baird Financial Group Inc. now owns 3,491 shares of the company's stock valued at $352,000 after acquiring an additional 355 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WH shares. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 21st. Susquehanna upped their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Barclays dropped their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird reduced their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $108.48.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH traded up $1.15 during mid-day trading on Tuesday, hitting $87.95. 318,012 shares of the stock were exchanged, compared to its average volume of 847,383. The company has a market cap of $6.77 billion, a P/E ratio of 24.23, a PEG ratio of 1.87 and a beta of 1.08. The stock's fifty day simple moving average is $86.93 and its two-hundred day simple moving average is $96.37. 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 twelve month low of $67.67 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm 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 business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. As a group, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS 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. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's payout ratio is presently 38.86%.

Wyndham Hotels & Resorts 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.