Millennium Management LLC Has $63.48 Million Stock Holdings in Wyndham Hotels & Resorts $WH

Millennium Management LLC trimmed its stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,307 shares of the company's stock after selling 60,315 shares during the quarter. Millennium Management LLC owned approximately 0.91% of Wyndham Hotels & Resorts worth $63,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elequin Capital LP bought a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $29,000. SVB Wealth LLC bought a new position in shares of Wyndham Hotels & Resorts during the 1st quarter worth approximately $46,000. Versant Capital Management Inc boosted its stake 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 worth $48,000 after acquiring an additional 309 shares during the period. Quarry LP boosted its stake in shares of Wyndham Hotels & Resorts by 34.5% during the 1st quarter. Quarry LP now owns 542 shares of the company's stock worth $49,000 after acquiring an additional 139 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 36.1% during the 1st 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. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WH shares. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and set a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target for the company. Finally, Robert W. Baird boosted 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. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

WH traded down $2.61 during trading on Friday, hitting $85.85. The stock had a trading volume of 822,558 shares, compared to its average volume of 758,763. The company has a 50 day moving average price of $87.13 and a 200-day moving average price of $86.81. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.56 and a beta of 0.93. Wyndham Hotels & Resorts has a one year low of $76.65 and a one year high of $113.07. 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 (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, research analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 annualized dividend and a yield of 1.9%. Wyndham Hotels & Resorts's payout ratio is currently 38.32%.

Wyndham Hotels & Resorts 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.