III Capital Management lifted its stake in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 135.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,000 shares of the company’s stock after buying an additional 19,000 shares during the quarter. Wyndham Hotels & Resorts comprises about 0.4% of III Capital Management’s holdings, making the stock its 28th biggest holding. III Capital Management’s holdings in Wyndham Hotels & Resorts were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of Wyndham Hotels & Resorts by 4.8% during the 4th quarter. Capital Research Global Investors now owns 8,205,818 shares of the company’s stock worth $620,032,000 after buying an additional 375,892 shares during the last quarter. Norges Bank purchased a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $219,462,000. Morgan Stanley lifted its position in shares of Wyndham Hotels & Resorts by 49.0% during the 4th quarter. Morgan Stanley now owns 2,872,466 shares of the company’s stock worth $217,044,000 after buying an additional 944,562 shares during the last quarter. Bank of Montreal Can lifted 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 worth $193,648,000 after buying an additional 2,544,921 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of Wyndham Hotels & Resorts by 352.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,212,717 shares of the company’s stock worth $176,796,000 after buying an additional 1,724,091 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Down 2.1%
WH stock opened at $83.60 on Thursday. The company has a fifty day moving average price of $82.58 and a 200 day moving average price of $79.48. Wyndham Hotels & Resorts has a 12 month low of $69.21 and a 12 month high of $92.68. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.62. The company has a debt-to-equity ratio of 5.88, a current ratio of 0.98 and a quick ratio of 0.98.
Wyndham Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 15th. Wyndham Hotels & Resorts’s payout ratio is currently 69.08%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on WH. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Friday, May 1st. Morgan Stanley upped their price target on shares of Wyndham Hotels & Resorts from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Friday, April 10th. Finally, Barclays upped their price target on shares of Wyndham Hotels & Resorts from $98.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.27.
Read Our Latest Report on Wyndham Hotels & Resorts
Insider Transactions at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 18,516 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $80.79, for a total value of $1,495,907.64. Following the transaction, the chief executive officer directly owned 548,308 shares of the company’s stock, valued at approximately $44,297,803.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.33% of the company’s stock.
Wyndham Hotels & Resorts Company 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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