Aberdeen Group plc Cuts Holdings in Wyndham Hotels & Resorts $WH

Key Points

• Aberdeen Group plc reduced its stake in Wyndham Hotels & Resorts by 25.4%, ending the quarter with 162,400 shares valued at approximately $14.7 million.
• The company reported a EPS of $1.33 for the last quarter, surpassing analysts' expectations of $1.16, along with revenue growth of 8.2% year-over-year.
• Wyndham Hotels & Resorts announced a quarterly dividend of $0.41 per share, with an annualized dividend yield of 1.9%.

Aberdeen Group plc cut its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 25.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,400 shares of the company's stock after selling 55,320 shares during the quarter. Aberdeen Group plc owned about 0.21% of Wyndham Hotels & Resorts worth $14,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. grew its stake in shares of Wyndham Hotels & Resorts by 1.3% in the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after buying an additional 126 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock worth $454,000 after acquiring an additional 135 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after acquiring an additional 166 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Wyndham Hotels & Resorts by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock worth $508,000 after acquiring an additional 195 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Wyndham Hotels & Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock worth $1,688,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Down 0.3%

NYSE:WH opened at $87.61 on Tuesday. The firm has a market capitalization of $6.69 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99. The stock has a 50 day moving average of $84.97 and a 200-day moving average of $89.34. Wyndham Hotels & Resorts has a 52 week low of $75.08 and a 52 week high of $113.07. 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 (NYSE:WH - Get Free Report) last posted its 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. The company had revenue of $397.00 million during 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 business's 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 earnings per share. Analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on WH. Robert W. Baird lifted their target price 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. 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. Morgan Stanley reissued an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. 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. 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and an average 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.

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