Wyndham Hotels & Resorts (NYSE:WH) Shares Sold by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management Inc. reduced its stake in Wyndham Hotels & Resorts by 12.8%, owning 131,298 shares worth approximately $11.88 million at the end of the last quarter.
• Institutional investors and hedge funds control 93.46% of Wyndham Hotels & Resorts' stock, indicating strong institutional support.
• The company reported earnings of $1.33 per share, exceeding analyst expectations, and announced a quarterly dividend of $0.41 per share, reflecting a 1.80% yield.

Thornburg Investment Management Inc. lowered its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 131,298 shares of the company's stock after selling 19,246 shares during the period. Thornburg Investment Management Inc. owned approximately 0.17% of Wyndham Hotels & Resorts worth $11,884,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Xponance Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1.3% in the 1st quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after purchasing an additional 126 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock worth $454,000 after purchasing an additional 135 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Wyndham Hotels & Resorts by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after buying an additional 166 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Wyndham Hotels & Resorts by 4.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock valued at $508,000 after buying an additional 195 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Wyndham Hotels & Resorts by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock worth $1,688,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock traded down $2.52 during midday trading on Thursday, hitting $85.86. The company had a trading volume of 1,475,982 shares, compared to its average volume of 1,366,204. The company's 50 day simple moving average is $84.38 and its 200 day simple moving average is $91.03. Wyndham Hotels & Resorts has a 52-week low of $72.14 and a 52-week high of $113.07. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.55 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same quarter last year, the business earned $1.13 EPS. The business's revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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

Insider Activity

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's stock in a transaction on 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 owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WH shares. 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 objective on the stock. The Goldman Sachs Group dropped their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. 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, 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.98.

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.