Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH – Get a rating) by 2.5% in Q1, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The company held 22,562 shares of the company after selling 578 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wyndham Hotels & Resorts were worth $1,911,000 when it was last filed with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently changed their positions in WH. Goldman Sachs Group Inc. increased its stake in Wyndham Hotels & Resorts by 75.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,165,018 shares of the company valued at $194,093,000 after purchasing an additional 929,501 shares during the period. William Blair Investment Management LLC increased its holdings in Wyndham Hotels & Resorts by 28.9% during the fourth quarter. William Blair Investment Management LLC now owns 3,940,506 shares of the company valued at $353,266,000 after purchasing an additional 884,079 shares during the period. Marshall Wace LLP bought a new stake in the shares of Wyndham Hotels & Resorts during the fourth quarter at a value of $36,246,000. Mackenzie Financial Corp bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter for a value of $29,669,000. Finally, Glenmede Trust Co. NA increased its position in Wyndham Hotels & Resorts shares by 9,937.8% during the fourth quarter. Glenmede Trust Co. NA now owns 326,127 shares of the company worth $29,236,000 after acquiring an additional 322,878 shares in the last quarter. 92.63% of the shares are held by institutional investors and hedge funds.
In other Wyndham Hotels & Resorts news, General Counsel Paul F Cash sold 30,331 shares of the company in a transaction dated Wednesday, June 1. The stock was sold at an average price of $79.94, for a total transaction of $2,424,660.14. Following the sale, the General Counsel now owns 11,680 shares of the company, valued at $933,699.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Insiders of the company own 1.91% of the shares of the company.
Shares of Stock WH opened at $65.54 on Friday. The company has a debt ratio of 1.78, a quick ratio of 2.13 and a current ratio of 2.13. Wyndham Hotels & Resorts, Inc. has a 52-week minimum of $62.89 and a 52-week maximum of $93.86. The company has a market capitalization of $6.04 billion, a PE ratio of 18.83, a growth price-earnings ratio of 1.37 and a beta of 1.52. The company’s 50-day moving average is $74.22 and its 200-day moving average is $81.70.
Wyndham Hotels and Resorts (NYSE: WH – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The company reported earnings per share (EPS) of $0.95 for the quarter, beating analyst consensus estimates of $0.66 by $0.29. Wyndham Hotels & Resorts achieved a return on equity of 31.60% and a net margin of 19.91%. The company posted revenue of $371.00 million for the quarter, versus a consensus estimate of $339.16 million. In the same quarter last year, the company posted earnings per share of $0.36. On average, sell-side analysts expect Wyndham Hotels & Resorts, Inc. to post an EPS of 3.57 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29. Shareholders of record on Wednesday, June 15 received a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.28 on an annualized basis and a yield of 1.95%. Wyndham Hotels & Resorts payout ratio is 36.78%.
Several equity research analysts have published reports on WH shares. Barclays began covering Wyndham Hotels & Resorts in a research report on Tuesday June 28. They set an “equal weight” rating and a target price of $77.00 on the stock. StockNews.com downgraded Wyndham Hotels & Resorts from a “buy” to a “hold” rating in a Wednesday, June 29 research report. Finally, Stifel Nicolaus lowered his target price on Wyndham Hotels & Resorts from $99.00 to $85.50 in a research report Wednesday. Two equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.70.
About Wyndham Hotels & Resorts (Get a rating)
Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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