GAMMA Investing LLC boosted its stake in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530 shares of the company’s stock after purchasing an additional 147 shares during the quarter. GAMMA Investing LLC’s holdings in Wyndham Hotels & Resorts were worth $124,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of WH. Elequin Capital LP acquired a new position in Wyndham Hotels & Resorts in the first quarter valued at about $29,000. Geneos Wealth Management Inc. raised its stake in Wyndham Hotels & Resorts by 49.2% in the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. SVB Wealth LLC acquired a new position in Wyndham Hotels & Resorts in the first quarter valued at about $46,000. Versant Capital Management Inc raised its stake in Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company’s stock valued at $48,000 after purchasing an additional 309 shares in the last quarter. Finally, Quarry LP raised its stake in Wyndham Hotels & Resorts by 34.5% in the first quarter. Quarry LP now owns 542 shares of the company’s stock valued at $49,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Price Performance
Wyndham Hotels & Resorts stock opened at $79.82 on Wednesday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.42 and a beta of 0.93. Wyndham Hotels & Resorts has a 52-week low of $76.65 and a 52-week high of $113.07. The stock’s 50 day moving average price is $85.96 and its two-hundred day moving average price is $85.31. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03.
Wyndham Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 38.32%.
Analyst Ratings Changes
A number of research analysts recently commented on WH shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Barclays lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an “overweight” rating and a $101.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.98.
Check Out Our Latest Report on WH
About Wyndham Hotels & Resorts
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.
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