Renaissance Technologies LLC Acquires 25,500 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Renaissance Technologies LLC raised its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 103.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,100 shares of the company's stock after purchasing an additional 25,500 shares during the quarter. Renaissance Technologies LLC owned 0.06% of Wyndham Hotels & Resorts worth $5,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its holdings in Wyndham Hotels & Resorts by 17.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock worth $17,533,000 after acquiring an additional 25,702 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth $248,000. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at $28,000. Bank of New York Mellon Corp boosted its position in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock valued at $85,870,000 after buying an additional 8,129 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in Wyndham Hotels & Resorts by 74.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company's stock worth $50,167,000 after buying an additional 213,052 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company lifted their target price 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. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Monday, March 24th. Finally, Jefferies Financial Group cut their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $111.33.

Wyndham Hotels & Resorts Stock Performance

WH traded down $0.26 during midday trading on Friday, reaching $84.65. The company had a trading volume of 106,267 shares, compared to its average volume of 830,857. The business has a 50-day moving average of $92.45 and a two-hundred day moving average of $95.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The company has a market cap of $6.56 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. This is an increase from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 45.18%.

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.