Envestnet Asset Management Inc. Acquires 21,560 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Envestnet Asset Management Inc. grew its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 16.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,141 shares of the company's stock after acquiring an additional 21,560 shares during the period. Envestnet Asset Management Inc. owned 0.20% of Wyndham Hotels & Resorts worth $13,770,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Burgundy Asset Management Ltd. raised its holdings in Wyndham Hotels & Resorts by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock valued at $231,947,000 after acquiring an additional 37,832 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock valued at $143,038,000 after purchasing an additional 81,730 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 1.7% in the 1st quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock valued at $122,786,000 after acquiring an additional 22,990 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Wyndham Hotels & Resorts by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock valued at $131,952,000 after acquiring an additional 29,220 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after acquiring an additional 972,708 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Up 2.5%

Shares of WH stock traded up $2.17 during mid-day trading on Tuesday, reaching $87.90. The stock had a trading volume of 1,314,239 shares, compared to its average volume of 901,542. The stock's 50-day moving average price is $84.10 and its two-hundred day moving average price is $91.64. Wyndham Hotels & Resorts has a 52-week low of $70.08 and a 52-week high of $113.07. The firm has a market capitalization of $6.77 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates 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 23.52% and a return on equity of 57.49%. The business's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. Equities analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 1.87%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WH shares. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target for the company in a report on Monday, March 24th. Robert W. Baird cut their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on shares of 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. Jefferies Financial Group cut their price objective on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group dropped their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.40.

Insider Activity

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the 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 transaction, the chief executive officer owned 467,394 shares in the company, valued at $40,088,383.38. This represents 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 the SEC website. Corporate insiders own 2.46% of the company's stock.

About Wyndham Hotels & Resorts

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.