TimesSquare Capital Management LLC Purchases 137,378 Shares of Wyndham Hotels & Resorts (NYSE:WH)

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

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 acquiring an additional 234 shares during the last quarter. Quarry LP bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $41,000. FIL Ltd increased its position in Wyndham Hotels & Resorts by 226.6% during the fourth quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after acquiring an additional 315 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Wyndham Hotels & Resorts by 139.2% during the first 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 last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated 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 directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WH. Jefferies Financial Group cut their price objective on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial reduced their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Barclays reduced their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Monday, March 24th. Finally, Robert W. Baird reduced their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average price target of $108.40.

Wyndham Hotels & Resorts Stock Down 0.5%

Wyndham Hotels & Resorts stock traded down $0.45 during midday trading on Thursday, hitting $86.15. 769,886 shares of the company's stock were exchanged, compared to its average volume of 894,594. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. Wyndham Hotels & Resorts has a 12 month low of $70.08 and a 12 month high of $113.07. The firm has a 50-day moving average of $84.00 and a two-hundred day moving average of $91.95. The company has a market cap of $6.63 billion, a PE ratio of 20.41, a P/E/G ratio of 1.79 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $316.00 million for the quarter, compared to analysts' expectations of $320.10 million. During the same period in the prior year, the business earned $0.78 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 1.90%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is 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.