Fiera Capital Corp Invests $22.07 Million in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Fiera Capital Corp invested approximately $22.07 million in Wyndham Hotels & Resorts, acquiring 243,872 shares of the company, representing about 0.31% of its stock as of their latest SEC filing.
• Several institutional investors, including American Century Companies Inc. and Mitsubishi UFJ Asset Management Co. Ltd., have recently increased their stakes in Wyndham Hotels & Resorts, with 93.46% of the stock now owned by institutional investors.
• Wyndham Hotels & Resorts reported an earnings beat with $1.33 EPS for the quarter, exceeding analysts' expectations of $1.16, and showed an annual revenue increase of 8.2% compared to the previous year.

Fiera Capital Corp purchased a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 243,872 shares of the company's stock, valued at approximately $22,073,000. Fiera Capital Corp owned about 0.31% of Wyndham Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WH. First National Advisers LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at about $425,000. LPL Financial LLC lifted its stake in shares of Wyndham Hotels & Resorts by 45.8% in the 1st quarter. LPL Financial LLC now owns 27,149 shares of the company's stock valued at $2,457,000 after purchasing an additional 8,527 shares during the period. HB Wealth Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 21.2% in the 1st quarter. HB Wealth Management LLC now owns 3,839 shares of the company's stock valued at $347,000 after purchasing an additional 672 shares during the period. Assetmark Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 293.6% in the 1st quarter. Assetmark Inc. now owns 27,552 shares of the company's stock valued at $2,494,000 after purchasing an additional 20,552 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Wyndham Hotels & Resorts by 8.8% in the 1st quarter. Cetera Investment Advisers now owns 13,992 shares of the company's stock valued at $1,266,000 after purchasing an additional 1,137 shares during the period. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

NYSE WH traded down $2.10 on Friday, hitting $83.90. 981,736 shares of the stock traded hands, compared to its average volume of 1,393,327. The business's fifty day moving average is $84.37 and its two-hundred day moving average is $90.91. Wyndham Hotels & Resorts has a 12 month low of $72.14 and a 12 month high of $113.07. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.51 and a beta of 0.99. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The firm had revenue of $397.00 million during the quarter, compared to analyst estimates of $384.69 million. During the same period last year, the company earned $1.13 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.32%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WH. Truist Financial upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Stifel Nicolaus decreased their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.98.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $85.77, for a total value of $2,292,117.48. Following the transaction, the chief executive officer owned 467,394 shares in the company, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is owned by insiders.

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.