Thornburg Investment Management Inc. Has $11.88 Million Position in Wyndham Hotels & Resorts (NYSE:WH)

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. cut its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,298 shares of the company's stock after selling 19,246 shares during the period. Thornburg Investment Management Inc. owned 0.17% of Wyndham Hotels & Resorts worth $11,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 508.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock worth $28,000 after buying an additional 234 shares during the last quarter. Quarry LP bought a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $41,000. FIL Ltd increased its stake in Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after purchasing an additional 315 shares in the last quarter. Versant Capital Management Inc increased its stake in Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after purchasing an additional 309 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake 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 purchasing an additional 166 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 467,394 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.46% of the company's stock.

Analysts Set New Price Targets

WH has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group lowered their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price for the company. Jefferies Financial Group lowered their target price on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Down 2.4%

WH traded down $2.10 during trading hours on Friday, hitting $83.90. 981,736 shares of the company's stock were exchanged, compared to its average volume of 1,393,327. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.51 and a beta of 0.99. Wyndham Hotels & Resorts has a 1-year low of $72.14 and a 1-year high of $113.07. The stock's 50-day moving average is $84.37 and its two-hundred day moving average is $90.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

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.