Burgundy Asset Management Ltd. Has $214.46 Million Stake in Wyndham Hotels & Resorts $WH

Key Points

• Burgundy Asset Management Ltd. increased its stake in Wyndham Hotels & Resorts by 3.0% during the first quarter, now holding 2,369,461 shares, which is 2.2% of its portfolio.
• Wyndham Hotels & Resorts reported earnings of $1.33 per share for the recent quarter, exceeding estimates and reflecting an 8.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.41, resulting in an annualized yield of 1.9%, with the ex-dividend date set for September 15th.

Burgundy Asset Management Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,369,461 shares of the company's stock after purchasing an additional 68,172 shares during the period. Wyndham Hotels & Resorts accounts for about 2.2% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 5th largest position. Burgundy Asset Management Ltd. owned 3.08% of Wyndham Hotels & Resorts worth $214,460,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $41,000. Versant Capital Management Inc lifted its stake in shares of 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 period. First Horizon Advisors Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after acquiring an additional 166 shares during the period. State of Wyoming acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at $69,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Wyndham Hotels & Resorts during the first quarter valued at $70,000. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Down 1.7%

Shares of NYSE WH traded down $1.5160 during mid-day trading on Wednesday, reaching $86.4340. 658,171 shares of the company's stock were exchanged, compared to its average volume of 1,036,720. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.54 and a beta of 0.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The business has a fifty day simple moving average of $85.06 and a 200 day simple moving average of $89.33. Wyndham Hotels & Resorts has a twelve month low of $75.30 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.Wyndham Hotels & Resorts's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, equities analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird upped their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Finally, Truist Financial upped their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently 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.