Generate Investment Management Ltd Takes Position in Wyndham Hotels & Resorts (NYSE:WH)

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

Several other institutional investors have also recently modified their holdings of WH. Bank Pictet & Cie Europe AG bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $201,000. Sanctuary Advisors LLC increased its position in shares of Wyndham Hotels & Resorts by 9.5% during the 4th quarter. Sanctuary Advisors LLC now owns 3,739 shares of the company's stock valued at $390,000 after purchasing an additional 325 shares during the last quarter. CIBC Asset Management Inc bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth approximately $248,000. Wolverine Asset Management LLC grew its position in Wyndham Hotels & Resorts by 187.2% during the 4th quarter. Wolverine Asset Management LLC now owns 1,444 shares of the company's stock worth $146,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock worth $85,870,000 after acquiring an additional 8,129 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Trading Up 1.4%

Shares of WH traded up $1.14 during trading hours on Friday, reaching $81.87. 2,805,062 shares of the company traded hands, compared to its average volume of 865,253. Wyndham Hotels & Resorts has a 12 month low of $70.08 and a 12 month high of $113.07. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.29. The company's fifty day moving average price is $83.53 and its two-hundred day moving average price is $93.40. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99.

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, beating analysts' consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million during 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%. Wyndham Hotels & Resorts's revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,650 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.56, for a total value of $2,306,824.00. Following the sale, the chief executive officer now directly owns 461,376 shares of the company's stock, valued at approximately $39,936,706.56. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WH. Jefferies Financial Group reduced their price target 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. Robert W. Baird reduced their price target on 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 reduced their price target on 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. Barclays reduced their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $107.48.

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.