PineStone Asset Management Inc. Increases Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

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PineStone Asset Management Inc. grew its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,600 shares of the company's stock after acquiring an additional 64,300 shares during the quarter. PineStone Asset Management Inc. owned about 0.28% of Wyndham Hotels & Resorts worth $18,462,000 as of its most recent SEC filing.

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A number of other institutional investors have also recently made changes to their positions in WH. Norges Bank bought a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $71,677,000. Brown Advisory Inc. grew its stake in shares of Wyndham Hotels & Resorts by 10.1% during the 4th quarter. Brown Advisory Inc. now owns 138,363 shares of the company's stock valued at $11,126,000 after purchasing an additional 12,714 shares during the period. Thornburg Investment Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 10.5% during the 4th quarter. Thornburg Investment Management Inc. now owns 133,760 shares of the company's stock valued at $10,756,000 after purchasing an additional 12,714 shares during the period. Janney Capital Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 4,887 shares of the company's stock valued at $393,000 after purchasing an additional 145 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 49.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,276 shares of the company's stock valued at $585,000 after purchasing an additional 2,422 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WH shares. StockNews.com started coverage on Wyndham Hotels & Resorts in a research note on Monday, May 13th. They set a "hold" rating for the company. Barclays boosted their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. Finally, Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $88.17.

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Insider Buying and Selling

In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now directly owns 377,712 shares of the company's stock, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Nicola Rossi sold 3,200 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now directly owns 11,404 shares of the company's stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the sale, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.

Wyndham Hotels & Resorts Stock Performance

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Shares of NYSE:WH traded down $0.39 during mid-day trading on Friday, reaching $70.99. 679,257 shares of the company traded hands, compared to its average volume of 876,711. The company's 50 day moving average price is $73.94 and its 200-day moving average price is $76.86. The firm has a market cap of $5.72 billion, a PE ratio of 25.17, a PEG ratio of 2.47 and a beta of 1.33. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70. Wyndham Hotels & Resorts, Inc. has a 52 week low of $63.69 and a 52 week high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million for the quarter, compared to analysts' expectations of $308.24 million. During the same period in the previous year, the firm earned $0.86 EPS. The firm's revenue was down 2.6% compared to the same quarter last year. On average, equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.38 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.14%. Wyndham Hotels & Resorts's dividend payout ratio is presently 53.90%.

Wyndham Hotels & Resorts Company Profile

(Free Report)

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.

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