Janus Henderson Group PLC grew its position in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 194.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,947 shares of the company’s stock after purchasing an additional 66,653 shares during the quarter. Janus Henderson Group PLC owned approximately 0.13% of Wyndham Hotels & Resorts worth $8,204,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in WH. Norges Bank acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $219,462,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Wyndham Hotels & Resorts by 177.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 18,926 shares of the company’s stock valued at $1,537,000 after acquiring an additional 12,098 shares during the period. TD Asset Management Inc raised its position in Wyndham Hotels & Resorts by 11.4% in the 4th quarter. TD Asset Management Inc now owns 274,576 shares of the company’s stock valued at $20,747,000 after purchasing an additional 28,192 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at $21,109,000. Finally, Geode Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,512,818 shares of the company’s stock worth $114,331,000 after purchasing an additional 17,981 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Trading Up 0.2%
Shares of WH opened at $76.19 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 5.53. The firm’s 50-day moving average is $79.78 and its two-hundred day moving average is $80.18. Wyndham Hotels & Resorts has a twelve month low of $69.21 and a twelve month high of $91.44. The firm has a market capitalization of $5.65 billion, a P/E ratio of 28.01, a PEG ratio of 1.96 and a beta of 0.63.
Wyndham Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, June 15th. Wyndham Hotels & Resorts’s payout ratio is presently 63.24%.
Insiders Place Their Bets
In other news, CEO Geoffrey A. Ballotti sold 18,516 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $80.79, for a total value of $1,495,907.64. Following the completion of the transaction, the chief executive officer owned 548,308 shares in the company, valued at $44,297,803.32. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.33% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their target price 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. Stifel Nicolaus set a $98.00 price target on Wyndham Hotels & Resorts in a report on Thursday, April 30th. Barclays dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $97.00.
Get Our Latest Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts 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
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
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.
