WCM Investment Management LLC Cuts Holdings in Wyndham Hotels & Resorts (NYSE:WH)

WCM Investment Management LLC lowered its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 290,596 shares of the company's stock after selling 14,996 shares during the period. WCM Investment Management LLC owned about 0.38% of Wyndham Hotels & Resorts worth $26,055,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock valued at $134,414,000 after purchasing an additional 1,328,292 shares in the last quarter. Norges Bank bought a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $104,774,000. JPMorgan Chase & Co. boosted its position in Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after purchasing an additional 972,708 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $54,738,000. Finally, Interval Partners LP bought a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $31,991,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Up 0.3%

NYSE WH traded up $0.26 on Thursday, reaching $84.33. 463,935 shares of the company were exchanged, compared to its average volume of 864,727. Wyndham Hotels & Resorts has a fifty-two week low of $70.08 and a fifty-two week high of $113.07. The business's fifty day moving average price is $83.63 and its 200 day moving average price is $92.96. The stock has a market capitalization of $6.49 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results 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 return on equity of 57.49% and a net margin of 23.52%. The business had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. During the same quarter in the prior year, the company posted $0.78 EPS. The company's quarterly revenue was up 3.6% on a year-over-year basis. Analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.41 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WH shares. Morgan Stanley lowered their price target on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reduced their price target on 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. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective for the company. Finally, Robert W. Baird cut their price objective on 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.48.

Insider Activity

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business'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 in the company, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.46% of the company's stock.

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.