Lazard Asset Management LLC Sells 64,653 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Lazard Asset Management LLC cut its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,618 shares of the company's stock after selling 64,653 shares during the quarter. Lazard Asset Management LLC owned approximately 0.21% of Wyndham Hotels & Resorts worth $16,791,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont boosted its stake in Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after purchasing an additional 234 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after purchasing an additional 108 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Up 3.3%

Shares of WH traded up $2.85 during mid-day trading on Friday, reaching $88.71. 1,509,052 shares of the company were exchanged, compared to its average volume of 850,534. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $6.83 billion, a PE ratio of 24.44, a PEG ratio of 1.87 and a beta of 1.08. The business has a 50 day simple moving average of $86.25 and a two-hundred day simple moving average of $96.22.

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

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a yield of 1.85%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Monday, March 24th. Truist Financial dropped their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Morgan Stanley dropped their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays dropped their target price on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target 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.