First Manhattan CO. LLC. Has $7.02 Million Position in Wyndham Hotels & Resorts $WH

Key Points

• First Manhattan CO. LLC sold 2,977 shares of Wyndham Hotels & Resorts, decreasing its stake by 3.7% to 77,557 shares, valued at approximately $7,020,000.
• Wyndham Hotels & Resorts reported $1.33 earnings per share (EPS) for the last quarter, exceeding estimates, and projected a FY 2025 EPS guidance of 4.600-4.780.
• The company plans to pay a quarterly dividend of $0.41 on September 30th, with a dividend yield of 1.9% and a payout ratio of 38.32%.

First Manhattan CO. LLC. decreased its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,557 shares of the company's stock after selling 2,977 shares during the quarter. First Manhattan CO. LLC. owned 0.10% of Wyndham Hotels & Resorts worth $7,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at about $29,000. SVB Wealth LLC acquired a new stake in Wyndham Hotels & Resorts in the first quarter worth $46,000. Versant Capital Management Inc boosted its position in shares of Wyndham Hotels & Resorts by 139.2% during the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after purchasing an additional 309 shares in the last quarter. Quarry LP boosted its position in shares of Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company's stock worth $49,000 after purchasing an additional 139 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after buying an additional 166 shares during the period. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Up 0.1%

Shares of Wyndham Hotels & Resorts stock traded up $0.08 during trading hours on Friday, reaching $86.29. 1,053,954 shares of the company's stock were exchanged, compared to its average volume of 1,016,996. The stock has a market cap of $6.59 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a 50 day moving average of $86.72 and a two-hundred day moving average of $87.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a fifty-two week low of $75.91 and a fifty-two week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (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 company had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the prior year, the business posted $1.13 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Analyst Upgrades and Downgrades

WH has been the topic of several research analyst reports. Barclays raised their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Truist Financial raised their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Morgan Stanley reissued an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.98.

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.