WCM Investment Management LLC Sells 18,537 Shares of Wyndham Hotels & Resorts $WH

WCM Investment Management LLC reduced its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,244 shares of the company’s stock after selling 18,537 shares during the period. WCM Investment Management LLC owned 0.36% of Wyndham Hotels & Resorts worth $21,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WH. Norges Bank acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth $109,337,000. Long Pond Capital LP grew its position in shares of Wyndham Hotels & Resorts by 545.8% in the second quarter. Long Pond Capital LP now owns 1,505,781 shares of the company’s stock valued at $122,284,000 after purchasing an additional 1,272,628 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Wyndham Hotels & Resorts by 226.3% in the second quarter. Qube Research & Technologies Ltd now owns 982,827 shares of the company’s stock worth $79,815,000 after purchasing an additional 681,645 shares during the period. Champlain Investment Partners LLC bought a new position in shares of Wyndham Hotels & Resorts in the second quarter worth about $39,681,000. Finally, Boston Partners lifted its position in shares of Wyndham Hotels & Resorts by 9.1% during the 2nd quarter. Boston Partners now owns 3,130,373 shares of the company’s stock worth $254,449,000 after purchasing an additional 261,530 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WH. Mizuho set a $97.00 target price on Wyndham Hotels & Resorts and gave the company an “outperform” rating in a report on Tuesday, January 13th. Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 target price for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $76.00 price target (down from $88.00) on shares of Wyndham Hotels & Resorts in a report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, December 7th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.58.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $72.41 on Tuesday. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $113.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43. The firm has a market capitalization of $5.47 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The firm has a 50-day moving average price of $76.37 and a 200 day moving average price of $79.69.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio is 37.70%.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 28,134 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total value of $2,000,608.74. Following the sale, the insider owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the sale, the general counsel owned 39,123 shares of the company’s stock, valued at $2,803,554.18. This trade represents a 48.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,606 shares of company stock worth $9,047,218 over the last three months. 2.46% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.