Engineers Gate Manager LP Buys 139,109 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Engineers Gate Manager LP increased its Wyndham Hotels & Resorts stake by 447.6%, buying 139,109 shares to own 170,188 shares valued at approximately $14.3 million. Institutional investors collectively own 93.46% of the company.
• Wyndham reported quarterly EPS of $1.48, beating estimates of $1.41, although revenue fell 5.5% year over year to $375 million. The company declared a quarterly dividend of $0.43 per share, representing a 2.5% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.91, compared with the stock’s reported price of $69.82. CEO Geoffrey Ballotti separately sold 19,414 shares under a pre-arranged trading plan.

Engineers Gate Manager LP grew its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 447.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,188 shares of the company's stock after buying an additional 139,109 shares during the period. Engineers Gate Manager LP owned approximately 0.23% of Wyndham Hotels & Resorts worth $14,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at approximately $437,000. Allworth Financial LP raised its holdings in Wyndham Hotels & Resorts by 134.5% in the second quarter. Allworth Financial LP now owns 3,583 shares of the company's stock worth $302,000 after purchasing an additional 2,055 shares during the period. Waverly Advisors LLC bought a new position in shares of Wyndham Hotels & Resorts during the second quarter worth $229,000. Nykredit A S acquired a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at $217,000. Finally, Allianz Asset Management GmbH acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $1,826,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $69.82 on Thursday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $75.38 and a 200-day moving average of $79.51. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.81 and a beta of 0.62. Wyndham Hotels & Resorts has a fifty-two week low of $68.54 and a fifty-two week high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%.The business had revenue of $375.00 million for the quarter, compared to analyst estimates of $400.75 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. Wyndham Hotels & Resorts's revenue was down 5.5% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. As a group, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.81 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.5%. Wyndham Hotels & Resorts's dividend payout ratio is currently 63.24%.

Insider Activity at Wyndham Hotels & Resorts

In other news, CEO Geoffrey Ballotti sold 19,414 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 549,323 shares of the company's stock, valued at approximately $39,941,275.33. This represents a 3.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on WH shares. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company boosted their price objective on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Morgan Stanley reduced their price target on shares of Wyndham Hotels & Resorts from $93.00 to $91.00 and set an "overweight" rating for the company in a report on Tuesday, August 18th. Finally, Susquehanna dropped their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $95.91.

Wyndham Hotels & Resorts Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.