Gabelli Funds LLC Lowers Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Gabelli Funds LLC lowered its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.3% in the fourth quarter, Holdings Channel reports. The firm owned 11,000 shares of the company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in Wyndham Hotels & Resorts were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of WH. Mutual of America Capital Management LLC boosted its stake in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock worth $17,533,000 after buying an additional 25,702 shares during the period. CIBC Asset Management Inc acquired a new stake in Wyndham Hotels & Resorts during the 4th quarter worth approximately $248,000. Bessemer Group Inc. lifted its position in Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after acquiring an additional 1,328,292 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $28,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Wyndham Hotels & Resorts by 1.0% in 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 purchasing an additional 8,129 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WH shares. Wells Fargo & Company boosted their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial reduced their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Jefferies Financial Group dropped their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus raised their price target on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.67.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $81.41 on Friday. The stock has a fifty day moving average price of $94.60 and a 200 day moving average price of $95.99. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $6.31 billion, a PE ratio of 22.43, a P/E/G ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly 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 return on equity of 54.86% and a net margin of 20.51%. Sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio is presently 45.18%.

About Wyndham Hotels & Resorts

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.