Assenagon Asset Management S.A. Acquires New Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Assenagon Asset Management S.A. purchased a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 25,010 shares of the company's stock, valued at approximately $2,011,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WH. Raymond James Financial Services Advisors Inc. lifted its stake in Wyndham Hotels & Resorts by 2.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company's stock valued at $646,000 after buying an additional 157 shares in the last quarter. HighTower Advisors LLC raised its holdings in Wyndham Hotels & Resorts by 5.4% in the 1st quarter. HighTower Advisors LLC now owns 6,609 shares of the company's stock valued at $558,000 after acquiring an additional 340 shares during the last quarter. Citigroup Inc. raised its holdings in Wyndham Hotels & Resorts by 7.8% in the 1st quarter. Citigroup Inc. now owns 38,595 shares of the company's stock valued at $3,268,000 after acquiring an additional 2,783 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at about $1,358,000. Finally, APG Asset Management N.V. acquired a new stake in Wyndham Hotels & Resorts in the 1st quarter valued at about $723,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares of the company's stock, valued at approximately $900,916. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Trading Up 0.4 %

Wyndham Hotels & Resorts stock traded up $0.26 during trading on Friday, hitting $73.01. The company had a trading volume of 787,908 shares, compared to its average volume of 659,147. Wyndham Hotels & Resorts, Inc. has a 1-year low of $63.69 and a 1-year high of $81.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90. The company's 50 day simple moving average is $77.52 and its 200-day simple moving average is $76.47. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 3.36 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $321.35 million. During the same quarter last year, the company posted $0.72 EPS. The firm's revenue was down 3.9% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.22 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.08%. The ex-dividend date was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts's previous quarterly dividend of $0.35. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 44.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average target price of $87.14.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.