TimesSquare Capital Management LLC Grows Stock Holdings in Wyndham Hotels & Resorts (NYSE:WH)

TimesSquare Capital Management LLC increased its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 27.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 635,120 shares of the company's stock after purchasing an additional 137,378 shares during the period. TimesSquare Capital Management LLC owned approximately 0.82% of Wyndham Hotels & Resorts worth $57,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WH. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 valued at $28,000 after buying an additional 234 shares during the last quarter. Quarry LP purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $41,000. FIL Ltd boosted its position in shares of Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after purchasing an additional 315 shares during the period. Versant Capital Management Inc boosted its position in shares of Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after purchasing an additional 309 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Wyndham Hotels & Resorts by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after purchasing an additional 166 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction on Friday, May 16th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on WH. Barclays dropped their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. 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 for the company in a research report on Monday, April 14th. Jefferies Financial Group dropped their price target on shares of 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. Finally, Robert W. Baird dropped their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $108.40.

Wyndham Hotels & Resorts Price Performance

WH stock traded down $1.13 during trading on Wednesday, hitting $86.63. 1,345,525 shares of the company's stock traded hands, compared to its average volume of 895,118. Wyndham Hotels & Resorts has a 52 week low of $70.08 and a 52 week high of $113.07. 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 business has a fifty day simple moving average of $83.94 and a 200 day simple moving average of $91.99. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.84 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The business had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. During the same quarter last year, the business earned $0.78 earnings per share. Wyndham Hotels & Resorts's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

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.