Quest Partners LLC Takes $419,000 Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Quest Partners LLC purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,206 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter worth about $2,011,000. Wellington Management Group LLP raised its position in shares of Wyndham Hotels & Resorts by 150.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock worth $347,812,000 after purchasing an additional 3,002,259 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Wyndham Hotels & Resorts by 31.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 77,229 shares of the company’s stock worth $5,371,000 after purchasing an additional 18,511 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Wyndham Hotels & Resorts by 53.3% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 66,851 shares of the company’s stock valued at $4,649,000 after acquiring an additional 23,253 shares during the last quarter. Finally, LRT Capital Management LLC boosted its position in shares of Wyndham Hotels & Resorts by 31.2% during the 3rd quarter. LRT Capital Management LLC now owns 66,605 shares of the company’s stock valued at $4,632,000 after acquiring an additional 15,843 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 1.5 %

Shares of Wyndham Hotels & Resorts stock traded up $1.02 on Friday, reaching $70.35. The stock had a trading volume of 486,788 shares, compared to its average volume of 785,887. Wyndham Hotels & Resorts, Inc. has a 1 year low of $65.54 and a 1 year high of $81.73. The stock has a market capitalization of $5.67 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.41 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The company has a 50 day moving average price of $73.11 and a 200 day moving average price of $76.69.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.16%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Nicola Rossi sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at approximately $900,916. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the sale, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday. They issued a “hold” rating for the company. Finally, Barclays increased their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.17.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.