Wyndham Hotels & Resorts (NYSE:WH) Shares Sold 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 lowered its position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 330,231 shares of the company's stock after selling 66,521 shares during the period. Wyndham Hotels & Resorts accounts for 4.0% of Jackson Square Partners LLC's portfolio, making the stock its 2nd biggest holding. Jackson Square Partners LLC owned about 0.43% of Wyndham Hotels & Resorts worth $29,889,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Wyndham Hotels & Resorts by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company's stock valued at $66,997,000 after buying an additional 7,507 shares during the last quarter. Commerce Bank raised its position in shares of Wyndham Hotels & Resorts by 2,247.5% in the 1st quarter. Commerce Bank now owns 204,892 shares of the company's stock worth $18,545,000 after acquiring an additional 196,164 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Wyndham Hotels & Resorts by 4.3% in the first quarter. Natixis Advisors LLC now owns 37,590 shares of the company's stock worth $3,402,000 after acquiring an additional 1,551 shares during the period. Vestcor Inc lifted its position in Wyndham Hotels & Resorts by 82.4% during the first quarter. Vestcor Inc now owns 6,200 shares of the company's stock valued at $561,000 after purchasing an additional 2,800 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter worth about $620,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Trading Down 0.2%

Wyndham Hotels & Resorts stock traded down $0.19 during trading hours on Monday, reaching $83.77. The company had a trading volume of 139,695 shares, compared to its average volume of 1,040,439. The company has a debt-to-equity ratio of 4.44, a current ratio of 1.03 and a quick ratio of 1.03. Wyndham Hotels & Resorts has a 12-month low of $72.63 and a 12-month high of $113.07. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a 50-day moving average price of $84.35 and a 200 day moving average price of $90.05.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The company had revenue of $397.00 million for the quarter, compared to analysts' expectations of $384.69 million. During the same period last year, the firm posted $1.13 earnings per share. Wyndham Hotels & Resorts's revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.0%. Wyndham Hotels & Resorts's payout ratio is presently 38.32%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the sale, the chief executive officer directly owned 467,394 shares of the company's stock, valued at $40,088,383.38. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.46% of the company's stock.

Analyst Upgrades and Downgrades

WH has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group decreased 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 report on Monday, April 14th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $106.98.

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.