Algert Global LLC Increases Position in Wyndham Hotels & Resorts $WH

Key Points

• Algert Global LLC significantly increased its stake in Wyndham Hotels & Resorts by acquiring 39,600 additional shares, resulting in a total of 46,060 shares owned, valued at approximately $4.17 million.
• Wyndham Hotels & Resorts reported a quarterly EPS of $1.33, surpassing expectations and showing an 8.2% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.41 per share, corresponding to a 1.9% dividend yield, with a payout ratio of 38.32%.

Algert Global LLC raised its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 613.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,060 shares of the company's stock after acquiring an additional 39,600 shares during the quarter. Algert Global LLC owned approximately 0.06% of Wyndham Hotels & Resorts worth $4,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WH. Bank Pictet & Cie Europe AG bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $201,000. Wells Fargo & Company MN increased its holdings in shares of Wyndham Hotels & Resorts by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,246 shares of the company's stock worth $1,537,000 after purchasing an additional 707 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $8,462,000. Marshall Wace LLP bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $6,430,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Wyndham Hotels & Resorts by 2.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 69,906 shares of the company's stock worth $7,044,000 after purchasing an additional 1,388 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price on the stock. 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 report on Friday, July 25th. Barclays lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Stifel Nicolaus reduced their target price 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. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. 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 company has an average rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Trading Up 2.6%

NYSE WH traded up $2.2530 during trading hours on Friday, hitting $88.8630. 521,026 shares of the company were exchanged, compared to its average volume of 981,625. The stock has a 50-day moving average price of $85.42 and a 200 day moving average price of $89.06. The company has a quick ratio of 1.03, a current 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 stock has a market cap of $6.79 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping 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 company had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm's revenue for the quarter 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. Analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

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 given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's payout ratio is 38.32%.

Wyndham Hotels & Resorts Company 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.