Allianz Asset Management GmbH Raises Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Allianz Asset Management GmbH increased its stock position in Wyndham Hotels & Resorts by 250%, acquiring 62,951 additional shares during the first quarter, bringing its total ownership to approximately 88,129 shares worth nearly $8 million.
• Wyndham Hotels & Resorts reported a 1.33 earnings per share (EPS) for the most recent quarter, exceeding expectations and reflecting an 8.2% increase in revenue year-over-year.
• Investment analysts have set an average target price of $106.98 on Wyndham's stock, with two hold ratings and eleven buy ratings indicating a strong market sentiment toward the company.

Allianz Asset Management GmbH lifted its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 250.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,129 shares of the company's stock after buying an additional 62,951 shares during the period. Allianz Asset Management GmbH owned approximately 0.11% of Wyndham Hotels & Resorts worth $7,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of Wyndham Hotels & Resorts by 51.3% in the 1st quarter. IFP Advisors Inc now owns 2,514 shares of the company's stock worth $228,000 after buying an additional 852 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter worth approximately $2,408,000. Tributary Capital Management LLC grew its position in Wyndham Hotels & Resorts by 4.2% during the 1st quarter. Tributary Capital Management LLC now owns 10,774 shares of the company's stock worth $975,000 after purchasing an additional 438 shares during the last quarter. Victory Capital Management Inc. grew its position in Wyndham Hotels & Resorts by 338.6% during the 1st quarter. Victory Capital Management Inc. now owns 64,622 shares of the company's stock worth $5,849,000 after purchasing an additional 49,888 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in Wyndham Hotels & Resorts by 27.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 635,120 shares of the company's stock worth $57,485,000 after purchasing an additional 137,378 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

WH opened at $92.13 on Friday. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.12 and a quick ratio of 0.96. The firm has a fifty day moving average price of $84.19 and a 200 day moving average price of $91.34. Wyndham Hotels & Resorts has a 1 year low of $72.14 and a 1 year high of $113.07. The stock has a market cap of $7.09 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.72 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (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 firm had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same period in the previous year, the business posted $1.13 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of 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. Barclays boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday. Truist Financial boosted their target price 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. Jefferies Financial Group dropped their target price on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.98.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the transaction, the chief executive officer directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.46% of the company's stock.

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.

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