PineStone Asset Management Inc. Increases Stock Position in Wyndham Hotels & Resorts $WH

Key Points

• PineStone Asset Management Inc. increased its stake in Wyndham Hotels & Resorts by 103.0% in Q2, now owning 411,500 shares valued at approximately $35.3 million.
• Wyndham's most recent earnings report revealed a quarterly EPS of $1.33, surpassing analysts' estimates by $0.17 and reflecting 8.2% revenue growth year-over-year.
• The company announced a quarterly dividend of $0.41 per share, translating to an annualized yield of 2.0%, with the ex-dividend date set for September 15.

PineStone Asset Management Inc. boosted its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 103.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,500 shares of the company's stock after buying an additional 208,750 shares during the quarter. Wyndham Hotels & Resorts makes up approximately 0.2% of PineStone Asset Management Inc.'s investment portfolio, making the stock its 29th biggest holding. PineStone Asset Management Inc. owned about 0.53% of Wyndham Hotels & Resorts worth $35,303,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Elequin Capital LP purchased a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. grew its stake in Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company's stock valued at $34,000 after purchasing an additional 124 shares during the last quarter. SVB Wealth LLC bought a new position in Wyndham Hotels & Resorts in the first quarter worth about $46,000. Versant Capital Management Inc lifted 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 valued at $48,000 after buying an additional 309 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company's stock valued at $49,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WH. Morgan Stanley reaffirmed an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Truist Financial upped their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Down 1.8%

Shares of WH stock opened at $80.94 on Friday. Wyndham Hotels & Resorts has a fifty-two week low of $76.65 and a fifty-two week high of $113.07. The firm has a market capitalization of $6.18 billion, a PE ratio of 18.91, a P/E/G ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50-day simple moving average is $86.32 and its 200-day simple moving average is $85.53.

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

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.41 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.0%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

About Wyndham Hotels & Resorts

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.