Intech Investment Management LLC Acquires Shares of 3,152 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Intech Investment Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,152 shares of the company’s stock, valued at approximately $233,000.

A number of other large investors have also recently added to or reduced their stakes in WH. Vanguard Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 7.5% during the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares during the period. Capital Research Global Investors raised its holdings in shares of Wyndham Hotels & Resorts by 0.3% during the first quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock worth $551,992,000 after purchasing an additional 23,549 shares during the period. Wellington Management Group LLP raised its holdings in shares of Wyndham Hotels & Resorts by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after purchasing an additional 543,488 shares during the period. Boston Partners raised its holdings in shares of Wyndham Hotels & Resorts by 15.4% during the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after purchasing an additional 430,053 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 70.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after purchasing an additional 916,742 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 12,640 shares of company stock worth $974,351. Corporate insiders own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WH shares. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus dropped their price objective 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. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, July 26th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.25.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $80.79 on Friday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.78 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. The company’s 50-day moving average price is $76.62 and its two-hundred day moving average price is $74.23. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter last year, the company earned $0.93 EPS. Wyndham Hotels & Resorts’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

About Wyndham Hotels & Resorts

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.