Redwood Investment Management LLC Acquires New Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Redwood Investment Management LLC bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,132 shares of the company's stock, valued at approximately $1,424,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WH. Trust Co. of Vermont grew its stake in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 worth $28,000 after acquiring an additional 234 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after acquiring an additional 108 shares during the last quarter. UMB Bank n.a. grew its holdings in Wyndham Hotels & Resorts by 72.7% during the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock worth $40,000 after acquiring an additional 168 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock traded down $0.52 during midday trading on Thursday, reaching $84.98. The company's stock had a trading volume of 168,434 shares, compared to its average volume of 849,565. The firm has a market capitalization of $6.54 billion, a PE ratio of 23.41, a P/E/G ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The stock's 50 day simple moving average is $86.09 and its 200 day simple moving average is $96.19. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The business had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. During the same quarter last year, the firm posted $0.78 EPS. The business's revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,650 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the completion of the transaction, the chief executive officer now directly owns 461,376 shares in the company, valued at approximately $39,936,706.56. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on WH. Wells Fargo & Company lifted their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays cut their target price on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Susquehanna raised their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.48.

Wyndham Hotels & Resorts Company 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.