Castleark Management LLC purchased a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,400 shares of the company's stock, valued at approximately $6,097,000. Castleark Management LLC owned approximately 0.10% of Wyndham Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company's stock worth $34,000 after acquiring an additional 124 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Wyndham Hotels & Resorts by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,043 shares of the company's stock valued at $247,000 after acquiring an additional 129 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Wyndham Hotels & Resorts by 73.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company's stock valued at $25,000 after acquiring an additional 133 shares during the period. MML Investors Services LLC increased its stake in shares of Wyndham Hotels & Resorts by 0.7% in the 2nd quarter. MML Investors Services LLC now owns 28,070 shares of the company's stock valued at $2,280,000 after purchasing an additional 185 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Wyndham Hotels & Resorts by 6.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,960 shares of the company's stock valued at $249,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Wyndham Hotels & Resorts Trading Up 2.1%
WH stock opened at $75.91 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $90.35. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.93 and a beta of 0.63. The business's 50-day moving average is $78.02 and its 200 day moving average is $80.00.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $375.00 million during the quarter, compared to analysts' expectations of $400.75 million. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%.The business's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.81 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is currently 63.24%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on WH shares. Wells Fargo & Company increased their price target on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. reduced their target price on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Stifel Nicolaus set a $98.00 target price on Wyndham Hotels & Resorts in a research report on Thursday, April 30th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price target on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd. Finally, Morgan Stanley reduced their price objective on shares of Wyndham Hotels & Resorts from $93.00 to $91.00 and set an "overweight" rating for the company in a research report on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.91.
View Our Latest Stock Report on Wyndham Hotels & Resorts
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 19,414 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.71, for a total value of $1,411,591.94. Following the transaction, the chief executive officer owned 549,323 shares in the company, valued at approximately $39,941,275.33. This trade represents a 3.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.33% of the company's stock.
Wyndham Hotels & Resorts Profile
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Free Report)
Wyndham Hotels & Resorts, Inc NYSE: WH is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company's centralized services and support.
The company's brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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