Nuveen Asset Management LLC Lowers Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Nuveen Asset Management LLC reduced its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 10.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 663,138 shares of the company's stock after selling 78,078 shares during the quarter. Nuveen Asset Management LLC owned about 0.85% of Wyndham Hotels & Resorts worth $66,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Boston Partners lifted its position in Wyndham Hotels & Resorts by 5.3% during the 4th quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after acquiring an additional 192,221 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Wyndham Hotels & Resorts by 3.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company's stock worth $182,460,000 after purchasing an additional 63,006 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after purchasing an additional 81,730 shares during the period. Bessemer Group Inc. boosted its position in Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock valued at $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Wyndham Hotels & Resorts by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock worth $131,952,000 after buying an additional 29,220 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on WH shares. Wells Fargo & Company lifted their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Susquehanna boosted their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on shares of 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, Jefferies Financial Group lowered their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $108.48.

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. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH traded down $0.21 during mid-day trading on Thursday, reaching $85.29. The company's stock had a trading volume of 335,426 shares, compared to its average volume of 850,378. The stock has a 50-day moving average of $86.09 and a two-hundred day moving average of $96.19. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $6.57 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 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 the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Wyndham Hotels & Resorts's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced 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. This represents a $1.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's 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.