Assetmark Inc. Grows Holdings in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Assetmark Inc. increased its stake in Wyndham Hotels & Resorts by 293.6%, owning a total of 27,552 shares valued at approximately $2.49 million.
• Several other institutional investors, including Mitsubishi UFJ Asset Management, also significantly increased their holdings in Wyndham Hotels & Resorts, demonstrating strong interest in the stock.
• Wyndham Hotels & Resorts reported an earnings per share (EPS) of $1.33 for the last quarter, exceeding analysts' estimates, and had a year-over-year revenue increase of 8.2%.

Assetmark Inc. grew its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 293.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,552 shares of the company's stock after buying an additional 20,552 shares during the quarter. Assetmark Inc.'s holdings in Wyndham Hotels & Resorts were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Xponance Inc. grew its position in shares of Wyndham Hotels & Resorts by 1.3% in the 1st quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after acquiring an additional 126 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 2.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock worth $454,000 after buying an additional 135 shares during the period. First Horizon Advisors Inc. raised its stake in 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 in the last quarter. Coldstream Capital Management Inc. raised its stake in Wyndham Hotels & Resorts by 4.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock worth $508,000 after purchasing an additional 195 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in Wyndham Hotels & Resorts by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock worth $1,688,000 after purchasing an additional 200 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WH shares. 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 target price for the company. Jefferies Financial Group lowered their price objective on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Truist Financial upped their price objective 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, July 25th. Morgan Stanley reissued an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Trading Down 2.8%

Wyndham Hotels & Resorts stock traded down $2.52 during mid-day trading on Thursday, reaching $85.86. 1,475,982 shares of the company traded hands, compared to its average volume of 1,366,204. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The firm's 50 day moving average price is $84.36 and its 200 day moving average price is $91.13. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.55 and a beta of 0.98. Wyndham Hotels & Resorts has a 52-week low of $72.14 and a 52-week high of $113.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. On average, analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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 1.9%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is presently 38.32%.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business'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 transaction, the chief executive officer directly owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.46% of the company's stock.

About Wyndham Hotels & Resorts

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.