TimesSquare Capital Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 197,862 shares of the company’s stock, valued at approximately $16,662,000.
Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Wyndham Hotels & Resorts by 73.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 133 shares during the period. Los Angeles Capital Management LLC acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. grew its position in Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Wyndham Hotels & Resorts during the second quarter valued at approximately $52,000. Institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Trading Down 0.7%
Wyndham Hotels & Resorts stock opened at $73.11 on Tuesday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.90 and a beta of 0.63. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $90.35. The firm’s 50 day moving average price is $78.64 and its two-hundred day moving average price is $79.92.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 63.24%.
Insider Activity at Wyndham Hotels & Resorts
In related news, CEO Geoffrey A. Ballotti sold 18,516 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $80.79, for a total value of $1,495,907.64. Following the completion of the transaction, the chief executive officer owned 548,308 shares in the company, valued at $44,297,803.32. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Susquehanna reduced their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a research note on Thursday, July 23rd. Barclays decreased their price target on Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Morgan Stanley lifted their price objective on shares of Wyndham Hotels & Resorts from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.09.
Get Our Latest Stock Analysis on Wyndham Hotels & Resorts
About Wyndham Hotels & Resorts
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.
See Also
- Five stocks we like better than Wyndham Hotels & Resorts
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts (NYSE:WH – Free Report).
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
