AGF Management Ltd. Increases Stock Holdings in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• AGF Management Ltd. significantly increased its stake in Wyndham Hotels & Resorts by 520.3% in the first quarter, owning 164,733 shares valued at approximately $14.9 million after acquiring 138,177 additional shares.
• CEO Geoffrey A. Ballotti sold 26,724 shares at an average price of $85.77, resulting in a 5.41% decrease in his position, but still retaining shares worth about $40.1 million.
• The company reported a quarterly earnings per share of $1.33, exceeding analyst expectations, with revenue rising 8.2% year-over-year to $397 million.

AGF Management Ltd. raised its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 520.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,733 shares of the company's stock after acquiring an additional 138,177 shares during the quarter. AGF Management Ltd. owned approximately 0.21% of Wyndham Hotels & Resorts worth $14,910,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $41,000. FIL Ltd increased its holdings in shares of Wyndham Hotels & Resorts by 226.6% in the 4th quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after buying an additional 315 shares during the last quarter. Versant Capital Management Inc raised its position in Wyndham Hotels & Resorts by 139.2% during the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after purchasing an additional 309 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after purchasing an additional 166 shares during the period. Finally, State of Wyoming purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $69,000. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH traded down $0.84 during trading on Friday, reaching $87.93. The stock had a trading volume of 868,534 shares, compared to its average volume of 1,041,762. 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 business has a fifty day moving average price of $84.78 and a 200-day moving average price of $89.79. The stock has a market cap of $6.71 billion, a PE ratio of 20.54, a PEG ratio of 1.60 and a beta of 0.99. Wyndham Hotels & Resorts has a 1-year low of $74.65 and a 1-year high of $113.07.

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 return on equity of 60.79% and a net margin of 23.10%. The firm had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter last year, the firm earned $1.13 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share 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 dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 38.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective 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. Barclays lifted their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target for the company. Finally, Robert W. Baird lifted their price target 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.98.

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.