Covalis Capital LLP Buys New Shares in Wyndham Hotels & Resorts $WH

Covalis Capital LLP purchased a new position in Wyndham Hotels & Resorts (NYSE:WH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,306 shares of the company’s stock, valued at approximately $2,299,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its position in shares of Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company’s stock worth $454,000 after purchasing an additional 135 shares during the period. Allianz Asset Management GmbH increased its stake in Wyndham Hotels & Resorts by 250.0% in the 1st quarter. Allianz Asset Management GmbH now owns 88,129 shares of the company’s stock worth $7,977,000 after purchasing an additional 62,951 shares in the last quarter. Commerce Bank raised its holdings in Wyndham Hotels & Resorts by 2,247.5% during the 1st quarter. Commerce Bank now owns 204,892 shares of the company’s stock worth $18,545,000 after buying an additional 196,164 shares during the period. Capricorn Fund Managers Ltd acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth about $1,130,000. Finally, Entropy Technologies LP acquired a new position in shares of Wyndham Hotels & Resorts in the first quarter worth about $378,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $72.73 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.90 and a beta of 0.89. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43. The business has a fifty day simple moving average of $77.12 and a 200 day simple moving average of $82.49.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.04. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $406.29 million. Wyndham Hotels & Resorts had a return on equity of 61.12% and a net margin of 23.54%.The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. As a group, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WH shares. Truist Financial set a $98.00 price target on shares of Wyndham Hotels & Resorts in a report on Friday, October 24th. Barclays cut their target price on shares of Wyndham Hotels & Resorts from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Wyndham Hotels & Resorts in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on Wyndham Hotels & Resorts from $103.50 to $95.50 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, General Counsel Paul F. Cash sold 36,379 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, November 14th. The shares were sold at an average price of $71.66, for a total value of $2,606,919.14. Following the completion of the sale, the general counsel owned 39,123 shares of the company’s stock, valued at approximately $2,803,554.18. The trade was a 48.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.46% of the company’s stock.

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.