Kodai Capital Management LP Sells 111,339 Shares of Wyndham Hotels & Resorts $WH

Key Points

• Kodai Capital Management LP has decreased its holdings in Wyndham Hotels & Resorts by 34.3%, now owning 213,445 shares valued at approximately $19.3 million, according to its recent SEC filing.
• The company announced a quarterly dividend of $0.41 per share, leading to an annualized dividend of $1.64 and a yield of 1.9%.
• Wyndham Hotels & Resorts reported a strong quarterly earnings performance, with an EPS of $1.33, exceeding expectations and showing a year-over-year revenue increase of 8.2%.

Kodai Capital Management LP trimmed its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,445 shares of the company's stock after selling 111,339 shares during the quarter. Kodai Capital Management LP owned 0.28% of Wyndham Hotels & Resorts worth $19,319,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in Wyndham Hotels & Resorts in the first quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at about $41,000. SVB Wealth LLC bought a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth about $46,000. Versant Capital Management Inc increased 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 acquiring an additional 309 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

WH has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Robert W. Baird boosted 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 note on Friday, July 25th. Morgan Stanley restated an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Truist Financial increased their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Trading Down 0.1%

Shares of NYSE:WH traded down $0.12 on Wednesday, hitting $86.24. The company had a trading volume of 252,866 shares, compared to its average volume of 1,013,477. Wyndham Hotels & Resorts has a 1 year low of $75.91 and a 1 year high of $113.07. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.52 and a beta of 0.93. The firm's 50-day simple moving average is $86.48 and its two-hundred day simple moving average is $87.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44.

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

Wyndham Hotels & Resorts Dividend Announcement

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

Wyndham Hotels & Resorts 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.