1832 Asset Management L.P. Cuts Stock Position in Wyndham Hotels & Resorts $WH

Key Points

• 1832 Asset Management L.P. reduced its stake in Wyndham Hotels & Resorts by 21%, selling 26,231 shares, and now owns approximately 0.13% of the company valued at about $8.9 million.
• Wyndham Hotels & Resorts reported earnings of $1.33 per share for the recent quarter, exceeding analysts' expectations and showing an 8.2% revenue increase from the previous year.
• The company announced a quarterly dividend of $0.41 per share, with an annualized dividend yield of 1.8%, set to be paid on September 30th.

1832 Asset Management L.P. lowered its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,586 shares of the company's stock after selling 26,231 shares during the period. 1832 Asset Management L.P. owned about 0.13% of Wyndham Hotels & Resorts worth $8,923,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WH. Nuveen LLC bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $70,353,000. Freestone Grove Partners LP bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $54,738,000. Interval Partners LP bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $31,991,000. Balyasny Asset Management L.P. bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at $29,846,000. Finally, Fiera Capital Corp bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $22,073,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WH shares. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price on the stock. Barclays boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Price Performance

NYSE WH traded down $1.00 during trading on Friday, reaching $86.57. The company's stock had a trading volume of 127,415 shares, compared to its average volume of 1,015,805. The stock has a market capitalization of $6.61 billion, a PE ratio of 20.23, a P/E/G ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a fifty day moving average of $86.05 and a 200 day moving average of $88.52. Wyndham Hotels & Resorts has a one year low of $75.91 and a one year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. Analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.32%.

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.