Savoir Faire Capital Management L.P. Buys Shares of 26,603 Wyndham Hotels & Resorts (NYSE:WH)

Savoir Faire Capital Management L.P. bought a new stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,603 shares of the company's stock, valued at approximately $2,408,000. Wyndham Hotels & Resorts makes up 2.1% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock valued at $134,414,000 after purchasing an additional 1,328,292 shares in the last quarter. Janney Capital Management LLC purchased a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at about $428,000. Man Group plc purchased a new position in shares of Wyndham Hotels & Resorts in the fourth quarter valued at about $339,000. Generate Investment Management Ltd purchased a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at about $6,258,000. Finally, USA Financial Formulas purchased a new position in shares of Wyndham Hotels & Resorts in the first quarter valued at about $314,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $85.77, for a total value of $2,292,117.48. Following the sale, the chief executive officer directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their price target 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. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. Finally, Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price objective on the stock in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.40.

Wyndham Hotels & Resorts Stock Performance

WH stock traded down $0.16 during midday trading on Friday, reaching $86.75. The stock had a trading volume of 791,995 shares, compared to its average volume of 899,270. The stock has a market cap of $6.68 billion, a PE ratio of 20.56, a P/E/G ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day simple moving average of $84.10 and a two-hundred day simple moving average of $91.70. Wyndham Hotels & Resorts has a 52-week low of $70.08 and a 52-week 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million during the quarter, compared to analyst estimates 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 was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, equities research analysts anticipate 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.89%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is 38.86%.

Wyndham Hotels & Resorts Company 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.