Envestnet Asset Management Inc. Increases Position in Wyndham Hotels & Resorts (NYSE:WH)

Envestnet Asset Management Inc. grew its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 16.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,141 shares of the company’s stock after buying an additional 21,560 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of Wyndham Hotels & Resorts worth $13,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WH. Bessemer Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Norges Bank bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $104,774,000. JPMorgan Chase & Co. lifted its position in Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock valued at $122,261,000 after purchasing an additional 972,708 shares during the period. Freestone Grove Partners LP bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $54,738,000. Finally, Interval Partners LP bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $31,991,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the transaction, the chief executive officer directly owned 467,394 shares of the company’s stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the topic of a number of research analyst reports. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Barclays lowered their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an “overweight” rating and a $101.00 price objective on the stock. The Goldman Sachs Group lowered their price objective on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Jefferies Financial Group decreased their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.40.

Wyndham Hotels & Resorts Stock Down 0.2%

Shares of WH stock opened at $86.75 on Friday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.77 and a beta of 0.98. Wyndham Hotels & Resorts has a one year low of $70.08 and a one year high of $113.07. The company’s fifty day moving average price is $84.10 and its 200-day moving average price is $91.76. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. Sell-side analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.89%. Wyndham Hotels & Resorts’s payout ratio is 38.86%.

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.