Burgundy Asset Management Ltd. Raises Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Burgundy Asset Management Ltd. increased its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,301,289 shares of the company's stock after buying an additional 37,832 shares during the period. Wyndham Hotels & Resorts accounts for 2.3% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 8th largest position. Burgundy Asset Management Ltd. owned approximately 2.96% of Wyndham Hotels & Resorts worth $231,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WH. Boston Partners grew its holdings in Wyndham Hotels & Resorts by 5.3% in the fourth quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after purchasing an additional 192,221 shares during the period. Thrivent Financial for Lutherans raised its holdings in Wyndham Hotels & Resorts by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company's stock worth $182,460,000 after buying an additional 63,006 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Wyndham Hotels & Resorts by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after buying an additional 81,730 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock worth $134,414,000 after buying an additional 1,328,292 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Wyndham Hotels & Resorts by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock valued at $131,952,000 after buying an additional 29,220 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded down $1.40 on Wednesday, reaching $85.87. The company's stock had a trading volume of 266,542 shares, compared to its average volume of 959,551. The stock's 50 day simple moving average is $85.65 and its two-hundred day simple moving average is $96.00. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $6.61 billion, a P/E ratio of 23.65, a PEG ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.51% and a return on equity of 54.86%. The company's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. Research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is 38.86%.

Analyst Ratings Changes

WH has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna upped their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial dropped their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.48.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,650 shares of Wyndham Hotels & Resorts stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the transaction, the chief executive officer now owns 461,376 shares in the company, valued at approximately $39,936,706.56. The trade was a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts 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.