Element Capital Management LLC Buys Shares of 29,644 Wyndham Hotels & Resorts $WH

Key Points

• Element Capital Management LLC has acquired 29,644 shares of Wyndham Hotels & Resorts, valued at approximately $2.68 million, marking a significant investment in the company during the first quarter.
• Wyndham Hotels recently reported quarterly earnings of $1.33 per share, surpassing analysts' expectations, and had a revenue increase of 8.2% year-over-year.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized dividend of $1.64 and a yield of 1.8%, indicating a healthy financial return for investors.

Element Capital Management LLC bought a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,644 shares of the company's stock, valued at approximately $2,683,000.

A number of other institutional investors also recently made changes to their positions in WH. Bank Pictet & Cie Europe AG acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $201,000. Wells Fargo & Company MN raised its position in shares of Wyndham Hotels & Resorts by 4.9% in the 4th quarter. Wells Fargo & Company MN now owns 15,246 shares of the company's stock valued at $1,537,000 after purchasing an additional 707 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 130,581 shares of the company's stock valued at $13,161,000 after purchasing an additional 5,182 shares in the last quarter. Bank of Montreal Can raised its position in shares of Wyndham Hotels & Resorts by 4.5% in the 4th quarter. Bank of Montreal Can now owns 13,030 shares of the company's stock valued at $1,313,000 after purchasing an additional 561 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Wyndham Hotels & Resorts by 103.7% in the 4th quarter. Renaissance Technologies LLC now owns 50,100 shares of the company's stock valued at $5,050,000 after purchasing an additional 25,500 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded down $1.5160 during midday trading on Wednesday, hitting $86.4340. The company's stock had a trading volume of 658,171 shares, compared to its average volume of 1,123,565. Wyndham Hotels & Resorts has a 1-year low of $75.30 and a 1-year high of $113.07. The firm's fifty day moving average price is $85.13 and its 200-day moving average price is $89.31. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $6.60 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.55 and a beta of 0.99.

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

Wyndham Hotels & Resorts Announces Dividend

The business 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 (DPR) is presently 38.32%.

Analyst Upgrades and Downgrades

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

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.