Jackson Square Partners LLC lowered its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,557,902 shares of the company’s stock after selling 193,337 shares during the quarter. Wyndham Hotels & Resorts makes up 4.1% of Jackson Square Partners LLC’s portfolio, making the stock its 4th biggest holding. Jackson Square Partners LLC owned approximately 1.88% of Wyndham Hotels & Resorts worth $125,271,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after purchasing an additional 3,002,259 shares during the period. Invesco Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 55.2% during the 3rd quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after buying an additional 475,682 shares during the last quarter. PointState Capital LP purchased a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at approximately $18,646,000. Deutsche Bank AG grew its holdings in Wyndham Hotels & Resorts by 146.4% in the third quarter. Deutsche Bank AG now owns 301,159 shares of the company’s stock valued at $20,943,000 after purchasing an additional 178,948 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Wyndham Hotels & Resorts by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 999,921 shares of the company’s stock worth $80,406,000 after buying an additional 84,888 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.
Wyndham Hotels & Resorts Stock Performance
Shares of Wyndham Hotels & Resorts stock traded down $0.39 during trading hours on Friday, hitting $70.99. 679,257 shares of the company were exchanged, compared to its average volume of 876,711. The business has a 50-day moving average of $73.94 and a 200-day moving average of $76.80. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. Wyndham Hotels & Resorts, Inc. has a 1 year low of $63.69 and a 1 year high of $81.73.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, May 13th. They set a “hold” rating on the stock. Finally, Barclays increased their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.17.
View Our Latest Analysis on WH
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.
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