TCW Group Inc. Has $932,000 Holdings in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• TCW Group Inc. reduced its holdings in Wyndham Hotels & Resorts by 92.1%, leaving it with 10,297 shares valued at approximately $932,000 as of the end of the first quarter.
• Wall Street analysts are optimistic about Wyndham Hotels & Resorts, with multiple firms raising their price targets, leading to an average target of $106.98 and a consensus rating of "Moderate Buy".
• The company reported strong quarterly earnings, with $1.33 EPS that surpassed estimates and an 8.2% year-over-year revenue increase, amounting to $397 million.

TCW Group Inc. trimmed its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 92.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,297 shares of the company's stock after selling 120,276 shares during the quarter. TCW Group Inc.'s holdings in Wyndham Hotels & Resorts were worth $932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 508.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares during the period. Quarry LP bought a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $41,000. FIL Ltd lifted its position in shares of Wyndham Hotels & Resorts by 226.6% during the 4th quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after acquiring an additional 315 shares during the period. Versant Capital Management Inc lifted its position in shares of Wyndham Hotels & Resorts by 139.2% during the 1st quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after acquiring an additional 309 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Wyndham Hotels & Resorts by 36.1% during the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after acquiring an additional 166 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 467,394 shares of the company's stock, valued at $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WH shares. Jefferies Financial Group dropped their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley restated an "overweight" rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Barclays upped their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price objective for the company. Finally, Stifel Nicolaus dropped 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Trading Down 2.0%

Shares of WH stock traded down $1.70 on Friday, hitting $84.30. The company had a trading volume of 353,966 shares, compared to its average volume of 1,048,961. The firm has a market cap of $6.44 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.55 and a beta of 0.98. The stock's 50-day moving average is $84.38 and its two-hundred day moving average is $91.03. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. Wyndham Hotels & Resorts has a twelve month low of $72.14 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 38.32%.

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.