Tremblant Capital Group Sells 23,647 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Tremblant Capital Group cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,178 shares of the company's stock after selling 23,647 shares during the period. Wyndham Hotels & Resorts comprises approximately 2.9% of Tremblant Capital Group's portfolio, making the stock its 14th largest position. Tremblant Capital Group owned 0.36% of Wyndham Hotels & Resorts worth $28,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont increased its stake in shares of Wyndham Hotels & Resorts by 434.8% in the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Wyndham Hotels & Resorts by 508.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after purchasing an additional 234 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Wyndham Hotels & Resorts by 46.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after purchasing an additional 108 shares in the last quarter. UMB Bank n.a. increased its stake in Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Finally, Quarry LP purchased a new position in Wyndham Hotels & Resorts during the 4th quarter worth $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WH shares. Barclays cut their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped 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 report on Wednesday, April 9th. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Morgan Stanley decreased their price target on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $108.48.

Insider Activity

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,650 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.56, for a total value of $2,306,824.00. Following the transaction, the chief executive officer now directly owns 461,376 shares of the company's stock, valued at approximately $39,936,706.56. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

WH traded down $0.61 during midday trading on Friday, hitting $84.47. The stock had a trading volume of 511,772 shares, compared to its average volume of 850,181. The company has a market cap of $6.50 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The business has a fifty day moving average of $85.86 and a 200 day moving average of $96.13. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07.

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. The business had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Wyndham Hotels & Resorts's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. Wyndham Hotels & Resorts's payout ratio is presently 38.86%.

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.