Wyndham Hotels & Resorts (NYSE:WH) Shares Sold by Boston Partners

Key Points

• Boston Partners reduced its holdings in Wyndham Hotels & Resorts by 25.6%, owning approximately 3.73% of the company, following the sale of nearly 1 million shares.
• Analyst ratings indicate a general positive outlook for Wyndham Hotels & Resorts, with a consensus rating of Moderate Buy and an average target price of $106.98.
• Wyndham Hotels & Resorts reported better-than-expected quarterly earnings, with an EPS of $1.33, surpassing the consensus estimate of $1.16, and revenue growth of 8.2% year-over-year.

Boston Partners cut its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 25.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,868,843 shares of the company's stock after selling 984,684 shares during the period. Boston Partners owned approximately 3.73% of Wyndham Hotels & Resorts worth $259,213,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Burgundy Asset Management Ltd. boosted its holdings in Wyndham Hotels & Resorts by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock worth $231,947,000 after buying an additional 37,832 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Wyndham Hotels & Resorts by 6.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after buying an additional 81,730 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Wyndham Hotels & Resorts by 1.7% in the 1st quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock worth $122,786,000 after buying an additional 22,990 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wyndham Hotels & Resorts by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock worth $131,952,000 after buying an additional 29,220 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Wyndham Hotels & Resorts by 21.3% in the 4th quarter. Northern Trust Corp now owns 1,012,915 shares of the company's stock worth $102,092,000 after buying an additional 178,047 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WH shares. Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. 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 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, Morgan Stanley restated an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Up 4.0%

WH stock opened at $91.13 on Thursday. The firm has a market cap of $6.96 billion, a PE ratio of 21.29, a PEG ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The firm's 50 day moving average price is $84.64 and its 200-day moving average price is $89.90. Wyndham Hotels & Resorts has a one year low of $72.69 and a one year 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, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Insider Activity at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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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