Van ECK Associates Corp Has $4.64 Million Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Van ECK Associates Corp lifted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 109.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,632 shares of the company’s stock after buying an additional 32,769 shares during the period. Van ECK Associates Corp owned about 0.08% of Wyndham Hotels & Resorts worth $4,635,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WH. Norges Bank acquired a new position in Wyndham Hotels & Resorts in the 4th quarter worth about $71,677,000. Retirement Systems of Alabama grew its holdings in shares of Wyndham Hotels & Resorts by 40.1% during the first quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock worth $17,781,000 after purchasing an additional 66,266 shares during the last quarter. Axiom Investors LLC DE increased its stake in shares of Wyndham Hotels & Resorts by 231.5% in the fourth quarter. Axiom Investors LLC DE now owns 106,980 shares of the company’s stock valued at $8,602,000 after buying an additional 74,705 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of Wyndham Hotels & Resorts by 3.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock valued at $102,615,000 after buying an additional 45,062 shares during the period. Finally, TimesSquare Capital Management LLC bought a new position in Wyndham Hotels & Resorts in the 1st quarter valued at approximately $1,382,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on WH. Stifel Nicolaus reduced their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Truist Financial cut their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Susquehanna began coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $89.43.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $77.98 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The firm’s fifty day simple moving average is $74.81 and its two-hundred day simple moving average is $74.09. Wyndham Hotels & Resorts, Inc. has a 12 month low of $65.63 and a 12 month high of $81.73. The stock has a market capitalization of $6.16 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.79% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Company 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.