Long Pond Capital LP decreased its position in Wyndham Hotels & Resorts Inc (NYSE:WH) by 82.4% during the 2nd quarter, Holdings Channel reports. The fund owned 517,163 shares of the company’s stock after selling 2,420,900 shares during the quarter. Wyndham Hotels & Resorts comprises about 0.9% of Long Pond Capital LP’s holdings, making the stock its 28th biggest position. Long Pond Capital LP’s holdings in Wyndham Hotels & Resorts were worth $28,827,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of WH. JPMorgan Chase & Co. boosted its holdings in shares of Wyndham Hotels & Resorts by 12.9% in the second quarter. JPMorgan Chase & Co. now owns 2,591,788 shares of the company’s stock valued at $144,881,000 after acquiring an additional 295,411 shares in the last quarter. Spears Abacus Advisors LLC purchased a new stake in Wyndham Hotels & Resorts during the second quarter worth about $15,476,000. Dimensional Fund Advisors LP boosted its holdings in Wyndham Hotels & Resorts by 30.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 788,405 shares of the company’s stock worth $35,770,000 after buying an additional 184,018 shares in the last quarter. Jackson Square Partners LLC boosted its holdings in Wyndham Hotels & Resorts by 7.2% during the first quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock worth $103,301,000 after buying an additional 139,472 shares in the last quarter. Finally, HGI Capital Management LLC purchased a new stake in Wyndham Hotels & Resorts during the first quarter worth about $6,771,000. 91.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of WH opened at $54.47 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. The stock has a market cap of $5.13 billion, a P/E ratio of 20.10, a PEG ratio of 1.39 and a beta of 1.07. The company has a 50-day moving average of $53.07 and a two-hundred day moving average of $54.37. Wyndham Hotels & Resorts Inc has a 12-month low of $43.03 and a 12-month high of $61.49.
Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, analysts forecast that Wyndham Hotels & Resorts Inc will post 3.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, September 12th. Wyndham Hotels & Resorts’s payout ratio is currently 42.80%.
WH has been the topic of a number of research analyst reports. TheStreet raised shares of Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, August 26th. Robert W. Baird initiated coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, August 21st. They set an “outperform” rating and a $62.00 price objective on the stock. Stifel Nicolaus set a $65.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. decreased their price objective on shares of Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Finally, Zacks Investment Research downgraded shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Wyndham Hotels & Resorts has a consensus rating of “Buy” and a consensus price target of $65.38.
In other Wyndham Hotels & Resorts news, CFO David B. Wyshner bought 2,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average price of $50.37 per share, for a total transaction of $100,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald L. Nelson bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $49.95 per share, with a total value of $499,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,000 shares of company stock valued at $1,102,840. 1.90% of the stock is currently owned by company insiders.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.
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