Man Group plc Invests $339,000 in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Man Group plc bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,367 shares of the company's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $1,040,000. LRT Capital Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 83.0% in the fourth quarter. LRT Capital Management LLC now owns 45,414 shares of the company's stock worth $4,577,000 after purchasing an additional 20,602 shares during the last quarter. Interval Partners LP purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $31,991,000. J. Goldman & Co LP purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $3,767,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $8,468,000. 93.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the transaction, the chief executive officer now directly owns 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on WH. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $108.48.

Wyndham Hotels & Resorts Price Performance

Shares of WH traded down $1.10 during trading hours on Friday, reaching $82.73. 1,311,741 shares of the company's stock traded hands, compared to its average volume of 858,483. Wyndham Hotels & Resorts, Inc. has a 12 month low of $68.77 and a 12 month high of $113.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market cap of $6.37 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The firm's 50 day simple moving average is $85.17 and its 200-day simple moving average is $95.71.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS. Equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

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.