Alps Advisors Inc. Raises Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Alps Advisors Inc. grew its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,572 shares of the company's stock after buying an additional 5,002 shares during the period. Alps Advisors Inc. owned 0.09% of Wyndham Hotels & Resorts worth $6,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WH. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares during the period. Smartleaf Asset Management LLC grew its position in Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after purchasing an additional 108 shares during the period. Quarry LP bought a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $41,000. FIL Ltd increased its stake in Wyndham Hotels & Resorts by 226.6% during the 4th quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after purchasing an additional 315 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Wyndham Hotels & Resorts by 139.2% during the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after buying an additional 309 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded up $1.66 during mid-day trading on Friday, hitting $91.00. The stock had a trading volume of 1,796,545 shares, compared to its average volume of 885,667. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $7.01 billion, a P/E ratio of 21.56, a PEG ratio of 1.82 and a beta of 0.98. Wyndham Hotels & Resorts has a 52 week low of $70.08 and a 52 week high of $113.07. The business has a fifty day moving average price of $83.72 and a 200-day moving average price of $92.23.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million for the quarter, compared to analysts' expectations of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. On average, equities research analysts expect 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the sale, the chief executive officer owned 467,394 shares in the company, valued at $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 available at this link. Corporate insiders own 2.46% of the company's stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus reduced their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average target price of $107.48.

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.