Gates Capital Management Inc. Decreases Stake in Wyndham Hotels & Resorts $WH

Key Points

• Gates Capital Management Inc. reduced its stake in Wyndham Hotels & Resorts by 14.2%, selling 103,988 shares and now owning approximately 630,278 shares, valued at around $57 million.
• Wyndham Hotels & Resorts reported better-than-expected quarterly earnings of $1.33 per share, exceeding the consensus estimate by $0.17, with a revenue of $397 million.
• The company recently declared a quarterly dividend of $0.41 per share, reflecting an annualized dividend of $1.64 and a yield of 1.9%.

Gates Capital Management Inc. decreased its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 630,278 shares of the company's stock after selling 103,988 shares during the quarter. Wyndham Hotels & Resorts accounts for approximately 1.1% of Gates Capital Management Inc.'s investment portfolio, making the stock its 25th largest position. Gates Capital Management Inc. owned 0.82% of Wyndham Hotels & Resorts worth $57,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WH. Xponance Inc. increased its stake in shares of Wyndham Hotels & Resorts by 1.3% in the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after buying an additional 126 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Wyndham Hotels & Resorts by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock valued at $454,000 after buying an additional 135 shares during the period. Quarry LP increased its stake in shares of Wyndham Hotels & Resorts by 34.5% in the first quarter. Quarry LP now owns 542 shares of the company's stock valued at $49,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Wyndham Hotels & Resorts by 36.1% in the first 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. Finally, State of Michigan Retirement System increased its stake in shares of Wyndham Hotels & Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock valued at $1,688,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WH. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research 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 report on Tuesday, July 15th. Truist Financial increased their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Down 0.4%

Shares of WH traded down $0.35 during trading hours on Wednesday, reaching $86.00. The stock had a trading volume of 731,745 shares, compared to its average volume of 736,958. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The firm has a 50-day simple moving average of $86.61 and a 200 day simple moving average of $87.92. Wyndham Hotels & Resorts has a 12 month low of $75.91 and a 12 month high of $113.07. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.52 and a beta of 0.93.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same period last year, the business earned $1.13 EPS. The business's revenue was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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

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.