Millennium Management LLC Sells 162,794 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Millennium Management LLC reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 17.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 761,622 shares of the company’s stock after selling 162,794 shares during the period. Millennium Management LLC owned approximately 0.98% of Wyndham Hotels & Resorts worth $76,764,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at about $104,774,000. JPMorgan Chase & Co. grew its position in Wyndham Hotels & Resorts by 404.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock worth $122,261,000 after acquiring an additional 972,708 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $54,738,000. Finally, Interval Partners LP purchased a new position in Wyndham Hotels & Resorts in the 4th quarter worth approximately $31,991,000. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock opened at $87.20 on Thursday. The business’s fifty day moving average is $86.46 and its 200 day moving average is $96.25. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.41 per share. 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.88%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 38.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WH. Truist Financial cut their target price on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Morgan Stanley dropped their price target on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company raised their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays decreased their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Robert W. Baird dropped their target price on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $108.48.

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.