Wyndham Hotels & Resorts $WH Position Boosted by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Wyndham Hotels & Resorts stake by 33,360.3% in the third quarter, acquiring 42,034 additional shares. Institutional investors collectively own 93.46% of the company.
• Wyndham reported quarterly EPS of $1.43, exceeding estimates by $0.11, while revenue rose 7.3% year over year to $410 million. The company also authorized a $400 million share-repurchase program covering up to 7.6% of outstanding shares.
• Shares traded at $78.48, while analysts maintained a “Moderate Buy” consensus with an average price target of $94.67; the company also offers a $1.72 annualized dividend yielding about 2.2%.

International Assets Investment Management LLC increased its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 33,360.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,160 shares of the company's stock after purchasing an additional 42,034 shares during the period. International Assets Investment Management LLC owned approximately 0.06% of Wyndham Hotels & Resorts worth $3,029,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WH. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Wyndham Hotels & Resorts by 138.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,900 shares of the company's stock valued at $855,000 after purchasing an additional 6,900 shares during the last quarter. Signaturefd LLC increased its position in shares of Wyndham Hotels & Resorts by 15.2% during the 3rd quarter. Signaturefd LLC now owns 1,091 shares of the company's stock valued at $78,000 after purchasing an additional 144 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Wyndham Hotels & Resorts by 94.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,767 shares of the company's stock valued at $342,000 after purchasing an additional 2,313 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Wyndham Hotels & Resorts by 15.5% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,237 shares of the company's stock valued at $304,000 after buying an additional 570 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at $63,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Up 4.4%

NYSE:WH opened at $78.48 on Tuesday. Wyndham Hotels & Resorts has a 12 month low of $66.87 and a 12 month high of $90.35. The firm has a fifty day simple moving average of $72.46 and a 200-day simple moving average of $77.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.69. The company has a market capitalization of $5.72 billion, a P/E ratio of 29.18, a PEG ratio of 1.75 and a beta of 0.67.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $408.99 million. Wyndham Hotels & Resorts had a return on equity of 77.43% and a net margin of 13.97%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts will post 4.88 earnings per share for the current year.

Wyndham Hotels & Resorts announced that its Board of Directors has approved a share repurchase plan on Tuesday, September 29th that allows the company to repurchase $400 million in shares. This repurchase authorization allows the company to purchase up to 7.6% of its shares through open market purchases. Share repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 15th. Wyndham Hotels & Resorts's payout ratio is currently 63.94%.

Insiders Place Their Bets

In other news, CEO Geoffrey Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the sale, the chief executive officer owned 549,323 shares of the company's stock, valued at approximately $39,941,275.33. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WH. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $96.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, October 23rd. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Truist Financial cut their price objective on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, September 10th. Wells Fargo & Company increased their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Finally, Freedom Broker assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, October 14th. They issued a "buy" rating and a $88.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.67.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc is a global hotel franchising company that operates an asset-light lodging business. Rather than owning and managing most of its hotels, the company licenses its brands and provides franchisees with support in areas such as marketing, reservations, technology, training and operational standards.

Its portfolio includes a range of economy, midscale and upscale hotel brands, including Super 8, Days Inn, Ramada, La Quinta, Microtel, Baymont, Wingate, AmericInn, Wyndham, Wyndham Garden, Registry Collection Hotels and ECHO Suites Extended Stay by Wyndham.

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