Lecap Asset Management Ltd. Buys New Position in Wyndham Hotels & Resorts (NYSE:WH)

Lecap Asset Management Ltd. bought a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,099 shares of the company's stock, valued at approximately $462,000.

A number of other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted 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 valued at $35,000 after purchasing an additional 108 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Wyndham Hotels & Resorts by 4.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock valued at $508,000 after purchasing an additional 195 shares during the period. NorthCrest Asset Manangement LLC boosted its position in shares of Wyndham Hotels & Resorts by 3.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,578 shares of the company's stock valued at $595,000 after purchasing an additional 218 shares during the period. Cetera Investment Advisers boosted its position in shares of Wyndham Hotels & Resorts by 1.8% in the 4th quarter. Cetera Investment Advisers now owns 12,855 shares of the company's stock valued at $1,296,000 after purchasing an additional 233 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after purchasing an additional 234 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $80.78 on Friday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. The stock has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $93.53. 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 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 business had revenue of $316.00 million during 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%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS 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. Investors of record on Friday, June 13th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus decreased their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group decreased their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays decreased their price objective on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on 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. Finally, JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday. They set an "overweight" rating and a $101.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.48.

Insider Activity at Wyndham Hotels & Resorts

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

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.

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