Quantbot Technologies LP acquired a new stake in Wyndham Hotels & Resorts (NYSE:WH – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 12,432 shares of the company’s stock, valued at approximately $1,047,000.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $623,573,000. Norges Bank bought a new position in Wyndham Hotels & Resorts in the 4th quarter valued at $219,462,000. Bank of Montreal Can grew its position in shares of Wyndham Hotels & Resorts by 14,200.0% during the 4th quarter. Bank of Montreal Can now owns 2,562,843 shares of the company’s stock valued at $193,648,000 after purchasing an additional 2,544,921 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Wyndham Hotels & Resorts by 191.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,109,034 shares of the company’s stock valued at $159,359,000 after purchasing an additional 1,386,569 shares in the last quarter. Finally, Findlay Park Partners LLP bought a new position in shares of Wyndham Hotels & Resorts in the second quarter worth $100,648,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Trading Up 1.2%
Shares of WH stock opened at $76.78 on Thursday. The business has a 50-day moving average price of $77.89 and a two-hundred day moving average price of $80.01. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $90.35. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 5.53. The firm has a market cap of $5.70 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.96 and a beta of 0.63.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 63.24%.
Insider Activity at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the transaction, the chief executive officer directly owned 549,323 shares of the company’s stock, valued at approximately $39,941,275.33. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.
Wall Street Analysts Forecast Growth
WH has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Susquehanna cut their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Morgan Stanley decreased their price objective on shares of Wyndham Hotels & Resorts from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. Finally, Barclays cut their price target on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.91.
View Our Latest Stock Analysis on Wyndham Hotels & Resorts
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.
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