Millennium Management LLC Grows Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Millennium Management LLC grew its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,174,404 shares of the company’s stock after purchasing an additional 131,848 shares during the quarter. Millennium Management LLC owned approximately 1.46% of Wyndham Hotels & Resorts worth $86,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after purchasing an additional 581,909 shares during the last quarter. Capital Research Global Investors increased its position in shares of Wyndham Hotels & Resorts by 0.3% during the 1st quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock valued at $551,992,000 after purchasing an additional 23,549 shares during the last quarter. Wellington Management Group LLP increased its holdings in Wyndham Hotels & Resorts by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after acquiring an additional 543,488 shares in the last quarter. Boston Partners increased its holdings in Wyndham Hotels & Resorts by 15.4% in the 1st quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after acquiring an additional 430,053 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in Wyndham Hotels & Resorts by 70.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after acquiring an additional 916,742 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WH shares. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. 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 target price for the company. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Truist Financial dropped their price target on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Insider Activity

In other news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 directly owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, 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 can be accessed through this link. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, 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 ninety days, insiders sold 12,640 shares of company stock worth $974,351. 2.79% of the stock is currently owned by insiders.

Wyndham Hotels & Resorts Stock Performance

WH stock opened at $80.79 on Friday. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization 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 business has a 50 day simple moving average of $76.62 and a two-hundred day simple moving average of $74.23.

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

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced 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 was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 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.