Wyndham Hotels & Resorts (NYSE:WH) Position Trimmed by Jackson Square Partners LLC

Key Points

• Jackson Square Partners LLC has reduced its holdings in Wyndham Hotels & Resorts by 16.8%, now owning approximately $29.89 million worth of shares, which constitutes the firm's second largest investment.
• Wyndham Hotels & Resorts reported $1.33 earnings per share for the last quarter, exceeding analysts' expectations of $1.16, with an 8.2% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.41 per share, highlighting a 1.9% yield and a dividend payout ratio of 38.32%.

Jackson Square Partners LLC trimmed its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 16.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,231 shares of the company's stock after selling 66,521 shares during the quarter. Wyndham Hotels & Resorts makes up approximately 4.0% of Jackson Square Partners LLC's holdings, making the stock its 2nd biggest position. Jackson Square Partners LLC owned 0.43% of Wyndham Hotels & Resorts worth $29,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth $41,000. FIL Ltd boosted its stake 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 buying an additional 315 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Wyndham Hotels & Resorts by 139.2% during the 1st 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. First Horizon Advisors Inc. raised 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 acquiring an additional 166 shares during the period. Finally, State of Wyoming acquired a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $69,000. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $85.54 on Thursday. The firm has a market cap of $6.53 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The company's 50 day moving average is $84.33 and its two-hundred day moving average is $90.55. Wyndham Hotels & Resorts has a 52-week low of $72.14 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly 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. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The company had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter last year, the business earned $1.13 EPS. Wyndham Hotels & Resorts's revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.32%.

Wall Street Analyst Weigh In

WH has been the topic of a number of recent research reports. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective on the stock. Jefferies Financial Group reduced their target price on 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. Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Barclays boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the business's 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 directly owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.

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