Castleark Management LLC Makes New $6.56 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Castleark Management LLC purchased a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 65,050 shares of the company's stock, valued at approximately $6,556,000. Castleark Management LLC owned 0.08% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $69,000. Snowden Capital Advisors LLC increased its holdings in Wyndham Hotels & Resorts by 6.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,685 shares of the company's stock valued at $573,000 after buying an additional 366 shares during the last quarter. Redwood Investment Management LLC bought a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at about $1,424,000. Quantinno Capital Management LP raised its stake in Wyndham Hotels & Resorts by 61.1% during the fourth quarter. Quantinno Capital Management LP now owns 14,434 shares of the company's stock valued at $1,455,000 after buying an additional 5,473 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at approximately $339,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 467,394 shares in the company, valued at $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 is available at this link. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Trading Down 0.7%

Shares of NYSE:WH traded down $0.61 during mid-day trading on Monday, reaching $84.47. 511,772 shares of the company's stock were exchanged, compared to its average volume of 851,640. The business's fifty day moving average price is $85.86 and its 200-day moving average price is $96.14. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.87 and a beta of 1.08. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is 38.86%.

Wall Street Analyst Weigh In

WH has been the topic of several recent research reports. Susquehanna lifted their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial cut their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Barclays decreased their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.48.

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.