Freestone Grove Partners LP Makes New $54.74 Million Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Freestone Grove Partners LP purchased a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 543,092 shares of the company's stock, valued at approximately $54,738,000. Freestone Grove Partners LP owned about 0.70% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth about $214,000. GAMMA Investing LLC boosted its stake in shares of Wyndham Hotels & Resorts by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock valued at $114,000 after purchasing an additional 421 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth about $229,000. Trust Co. of Vermont increased its position in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in Wyndham Hotels & Resorts during the 4th quarter valued at about $319,000. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of WH traded down $0.74 on Tuesday, reaching $83.37. 650,225 shares of the company's stock were exchanged, compared to its average volume of 837,869. The business has a 50 day moving average price of $89.12 and a two-hundred day moving average price of $96.41. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The stock has a market capitalization of $6.46 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Wyndham Hotels & Resorts's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 38.86%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WH shares. Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Monday, March 24th. Truist Financial lowered their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Susquehanna upped their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company raised their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $108.48.

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.