Long Pond Capital LP Has $169.27 Million Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Long Pond Capital LP raised its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 11.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,425,701 shares of the company’s stock after acquiring an additional 240,934 shares during the quarter. Wyndham Hotels & Resorts makes up 5.8% of Long Pond Capital LP’s portfolio, making the stock its 5th biggest holding. Long Pond Capital LP’s holdings in Wyndham Hotels & Resorts were worth $169,265,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. First Trust Advisors LP bought a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at about $534,000. Creative Planning purchased a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $233,000. California Public Employees Retirement System increased its position in shares of Wyndham Hotels & Resorts by 8.1% during the fourth quarter. California Public Employees Retirement System now owns 226,041 shares of the company’s stock worth $13,436,000 after purchasing an additional 16,945 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Wyndham Hotels & Resorts by 6.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 184,648 shares of the company’s stock worth $10,976,000 after purchasing an additional 11,152 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Wyndham Hotels & Resorts during the 4th quarter worth about $223,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

Several brokerages recently weighed in on WH. Zacks Investment Research lowered Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 1st. Jefferies Financial Group upped their price objective on shares of Wyndham Hotels & Resorts from $85.00 to $91.00 and gave the company a “buy” rating in a report on Friday, April 30th. Oppenheimer raised their target price on Wyndham Hotels & Resorts from $70.00 to $80.00 in a research note on Thursday, April 29th. TheStreet upgraded shares of Wyndham Hotels & Resorts from a “d+” rating to a “c” rating in a research report on Thursday, April 29th. Finally, Truist Securities boosted their price objective on Wyndham Hotels & Resorts from $68.00 to $81.00 and gave the company a “buy” rating in a report on Friday, April 30th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Wyndham Hotels & Resorts currently has a consensus rating of “Buy” and a consensus target price of $68.71.

WH traded up $0.54 during trading on Friday, hitting $75.10. 5,616 shares of the company’s stock were exchanged, compared to its average volume of 738,815. Wyndham Hotels & Resorts, Inc. has a 1 year low of $39.70 and a 1 year high of $78.13. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of -53.64 and a beta of 1.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.09. The stock’s 50 day moving average is $73.98.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 28th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.11. The business had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $334.52 million. Wyndham Hotels & Resorts had a positive return on equity of 8.62% and a negative net margin of 10.89%. The company’s revenue was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 2.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, June 15th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 62.14%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited service hotels.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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