Aristeia Capital L.L.C. Takes $366,000 Position in Wyndham Hotels & Resorts $WH

Key Points

• Aristeia Capital L.L.C. made a new investment in Wyndham Hotels & Resorts by acquiring approximately $366,000 worth of shares in the 1st quarter, totaling 4,043 shares.
• Brokerages have set a consensus target price of $106.98 for Wyndham Hotels & Resorts, with Morgan Stanley and others recommending the stock as a "buy" or "overweight."
• Wyndham Hotels & Resorts recently reported quarterly earnings of $1.33 EPS, exceeding expectations, with a revenue increase of 8.2% year-over-year.

Aristeia Capital L.L.C. purchased a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,043 shares of the company's stock, valued at approximately $366,000.

Other hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in Wyndham Hotels & Resorts in the first quarter worth about $29,000. SVB Wealth LLC bought a new stake in Wyndham Hotels & Resorts in the first quarter worth about $46,000. Versant Capital Management Inc raised its position in Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after acquiring an additional 309 shares during the period. Quarry LP raised its position in Wyndham Hotels & Resorts by 34.5% in the first quarter. Quarry LP now owns 542 shares of the company's stock worth $49,000 after acquiring an additional 139 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Wyndham Hotels & Resorts by 36.1% in 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 period. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. initiated 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 on the stock. Morgan Stanley reissued an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Truist Financial boosted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Price Performance

NYSE:WH traded down $2.61 during mid-day trading on Friday, hitting $85.85. 822,558 shares of the stock traded hands, compared to its average volume of 758,763. The business's 50-day moving average price is $87.13 and its 200 day moving average price is $86.81. The company has a market cap of $6.56 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Wyndham Hotels & Resorts has a 12-month low of $76.65 and a 12-month high of $113.07. 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 (NYSE:WH - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. Wyndham Hotels & Resorts's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio is presently 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.