Wyndham Hotels & Resorts $WH Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 701,307 shares of the company's stock after selling 60,315 shares during the period. Millennium Management LLC owned about 0.91% of Wyndham Hotels & Resorts worth $63,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at about $428,000. Man Group plc bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $339,000. Generate Investment Management Ltd purchased a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at approximately $6,258,000. USA Financial Formulas purchased a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at approximately $314,000. Finally, NBC Securities Inc. raised its position in shares of Wyndham Hotels & Resorts by 133,933.3% in the 1st quarter. NBC Securities Inc. now owns 4,021 shares of the company's stock valued at $363,000 after purchasing an additional 4,018 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WH has been the subject of several research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective for the company. Truist Financial increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.98.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded down $2.61 during trading on Friday, hitting $85.85. 822,558 shares of the stock traded hands, compared to its average volume of 758,763. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The company 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. The company has a fifty day moving average price of $87.13 and a two-hundred day moving average price of $86.66. Wyndham Hotels & Resorts has a 52-week low of $76.65 and a 52-week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $397.00 million during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, equities analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

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