Wellington Management Group LLP trimmed its stake in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 25.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 797,795 shares of the company’s stock after selling 269,583 shares during the period. Wellington Management Group LLP’s holdings in Wyndham Hotels & Resorts were worth $67,182,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in WH. EverSource Wealth Advisors LLC grew its stake in shares of Wyndham Hotels & Resorts by 73.5% in the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Wyndham Hotels & Resorts during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. grew its position in Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Wyndham Hotels & Resorts in the 2nd quarter valued at about $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Wyndham Hotels & Resorts during the second quarter worth about $52,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Performance
NYSE:WH opened at $71.24 on Thursday. Wyndham Hotels & Resorts has a 12 month low of $69.21 and a 12 month high of $90.35. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $5.29 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.84 and a beta of 0.62. The business’s fifty day moving average price is $76.85 and its 200 day moving average price is $79.84.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Wyndham Hotels & Resorts’s payout ratio is 63.24%.
Insider Transactions at Wyndham Hotels & Resorts
In other news, CEO Geoffrey A. Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the sale, the chief executive officer owned 549,323 shares in the company, valued at approximately $39,941,275.33. The trade was a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have recently commented on WH. Barclays lowered their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Susquehanna cut their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.91.
Check Out Our Latest Analysis on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
Featured Stories
- Five stocks we like better than Wyndham Hotels & Resorts
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts (NYSE:WH – Free Report).
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
