Geode Capital Management LLC Boosts Stake in Wyndham Hotels & Resorts $WH

Geode Capital Management LLC raised its stake in shares of Wyndham Hotels & Resorts (NYSE:WH) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,462,126 shares of the company’s stock after buying an additional 70,135 shares during the quarter. Geode Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $118,757,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Elequin Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at $29,000. Hantz Financial Services Inc. raised its stake in Wyndham Hotels & Resorts by 5,950.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock valued at $29,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 purchasing an additional 124 shares in the last quarter. SVB Wealth LLC purchased a new position in Wyndham Hotels & Resorts in the 1st quarter valued at about $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 88.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528 shares of the company’s stock worth $43,000 after purchasing an additional 248 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Down 1.1%

WH stock opened at $70.68 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.87 and a beta of 0.89. The business has a fifty day simple moving average of $77.77 and a 200-day simple moving average of $82.67. Wyndham Hotels & Resorts has a 52 week low of $69.64 and a 52 week high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.04. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $406.29 million. Wyndham Hotels & Resorts had a return on equity of 61.12% and a net margin of 23.54%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. On average, equities research analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio is 37.70%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, General Counsel Paul F. Cash sold 36,379 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the completion of the sale, the general counsel directly owned 39,123 shares in the company, valued at $2,803,554.18. The trade was a 48.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday. They issued an “equal weight” rating and a $82.00 price objective for the company. Stifel Nicolaus reduced their price target on Wyndham Hotels & Resorts from $103.50 to $95.50 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 8th. Susquehanna dropped their target price on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Barclays reduced their target price on Wyndham Hotels & Resorts from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.77.

About Wyndham Hotels & Resorts

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.