Edgestream Partners L.P. Purchases Shares of 46,035 Wyndham Hotels & Resorts (NYSE:WH)

Edgestream Partners L.P. bought a new stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 46,035 shares of the company's stock, valued at approximately $4,167,000. Edgestream Partners L.P. owned 0.06% of Wyndham Hotels & Resorts as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Wyndham Hotels & Resorts in the 4th quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares in the last quarter. Quarry LP acquired a new position in Wyndham Hotels & Resorts in the 4th quarter valued at approximately $41,000. FIL Ltd raised its holdings in Wyndham Hotels & Resorts by 226.6% in the 4th quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after acquiring an additional 315 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Wyndham Hotels & Resorts by 139.2% in the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after buying an additional 309 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

WH has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Monday, March 24th. Barclays decreased their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Stifel Nicolaus decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $108.40.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 467,394 shares in the company, valued at $40,088,383.38. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.46% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Stock Down 0.2%

Shares of NYSE:WH traded down $0.16 during midday trading on Friday, reaching $86.75. The company had a trading volume of 791,995 shares, compared to its average volume of 898,866. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.29. The business's 50 day moving average price is $84.10 and its 200 day moving average price is $91.76. The stock has a market cap of $6.68 billion, a PE ratio of 20.56, a P/E/G ratio of 1.77 and a beta of 0.98. Wyndham Hotels & Resorts has a 1-year low of $70.08 and a 1-year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The business had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. During the same quarter last year, the company posted $0.78 earnings per share. Wyndham Hotels & Resorts's quarterly revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company 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. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.89%. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

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.