International Assets Investment Management LLC Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

International Assets Investment Management LLC bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 945 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at about $71,677,000. Retirement Systems of Alabama increased its holdings in Wyndham Hotels & Resorts by 40.1% during the 1st quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock valued at $17,781,000 after purchasing an additional 66,266 shares during the period. Axiom Investors LLC DE grew its holdings in shares of Wyndham Hotels & Resorts by 231.5% during the 4th quarter. Axiom Investors LLC DE now owns 106,980 shares of the company’s stock worth $8,602,000 after acquiring an additional 74,705 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of Wyndham Hotels & Resorts by 3.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock worth $102,615,000 after purchasing an additional 45,062 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth approximately $1,382,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays increased their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price objective for the company. Truist Financial reduced their target price on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.43.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $77.98 on Wednesday. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73. The firm’s fifty day simple moving average is $74.81 and its 200-day simple moving average is $74.09. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.73 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The company had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. Wyndham Hotels & Resorts’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insiders Place Their Bets

In other news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.79% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. 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.