Millennium Management LLC Sells 162,794 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Millennium Management LLC lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 17.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 761,622 shares of the company’s stock after selling 162,794 shares during the quarter. Millennium Management LLC’s holdings in Wyndham Hotels & Resorts were worth $76,764,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WH. Smartleaf Asset Management LLC increased its holdings in shares of Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock worth $35,000 after purchasing an additional 108 shares in the last quarter. Principal Securities Inc. increased its holdings in Wyndham Hotels & Resorts by 1.0% in the 4th quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock worth $1,103,000 after buying an additional 113 shares in the last quarter. Equitable Trust Co. increased its holdings in Wyndham Hotels & Resorts by 1.5% in the 4th quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock worth $937,000 after buying an additional 135 shares in the last quarter. UMB Bank n.a. raised its position in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Wyndham Hotels & Resorts by 2.2% during the 4th quarter. Empowered Funds LLC now owns 7,846 shares of the company’s stock valued at $791,000 after acquiring an additional 169 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $87.20 on Thursday. The business’s fifty day moving average is $86.46 and its 200 day moving average is $96.25. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $6.71 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.41 dividend. The ex-dividend date was Monday, March 17th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.88%. Wyndham Hotels & Resorts’s dividend payout ratio is 38.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WH shares. The Goldman Sachs Group dropped their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research report on Thursday, May 1st. Robert W. Baird decreased their target price on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday, May 6th. Truist Financial dropped their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.48.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.