Wyndham Hotels & Resorts $WH Shares Sold by 1832 Asset Management L.P.

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. cut its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 21.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WH. Burgundy Asset Management Ltd. raised its position in Wyndham Hotels & Resorts by 3.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company's stock valued at $214,460,000 after purchasing an additional 68,172 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock worth $122,786,000 after buying an additional 22,990 shares during the period. Dimensional Fund Advisors LP lifted its stake in Wyndham Hotels & Resorts by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock worth $131,952,000 after acquiring an additional 29,220 shares during the last quarter. Northern Trust Corp grew its holdings in Wyndham Hotels & Resorts by 21.3% during the 4th quarter. Northern Trust Corp now owns 1,012,915 shares of the company's stock worth $102,092,000 after acquiring an additional 178,047 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Wyndham Hotels & Resorts by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 878,295 shares of the company's stock valued at $79,494,000 after purchasing an additional 26,321 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WH has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price on the stock. Finally, Stifel Nicolaus decreased their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock traded down $1.15 on Thursday, hitting $87.56. The stock had a trading volume of 582,001 shares, compared to its average volume of 1,019,788. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.54 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a 52-week low of $75.91 and a 52-week high of $113.07. The company's 50 day moving average price is $85.89 and its 200 day moving average price is $88.66.

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

Wyndham Hotels & Resorts Announces Dividend

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