Generate Investment Management Ltd Buys New Stake in Wyndham Hotels & Resorts (NYSE:WH)

Generate Investment Management Ltd purchased a new position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 69,141 shares of the company's stock, valued at approximately $6,258,000. Generate Investment Management Ltd owned approximately 0.09% of Wyndham Hotels & Resorts at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WH. Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after purchasing an additional 108 shares during the period. Quarry LP bought a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $41,000. Finally, FIL Ltd grew its stake in Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after purchasing an additional 315 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WH shares. Truist Financial decreased their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Robert W. Baird decreased their price objective on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a research note on Monday. They set an "overweight" rating and a $101.00 target price on the stock. Jefferies Financial Group reduced their target price on 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, Barclays lowered their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.48.

Insiders Place Their Bets

In other 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 value of $2,292,117.48. Following the completion of the sale, the chief executive officer now owns 467,394 shares of the company's stock, valued at $40,088,383.38. This represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.46% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

WH traded down $0.12 on Wednesday, reaching $79.54. The stock had a trading volume of 784,862 shares, compared to its average volume of 857,221. The business's 50-day moving average price is $83.57 and its two-hundred day moving average price is $93.77. The company has a market cap of $6.12 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. Wyndham Hotels & Resorts has a 12-month low of $70.08 and a 12-month high of $113.07. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. Wyndham Hotels & Resorts's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. Sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

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.