Y Intercept Hong Kong Ltd bought a new position in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 161,359 shares of the company’s stock, valued at approximately $13,104,000. Y Intercept Hong Kong Ltd owned about 0.21% of Wyndham Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Elequin Capital LP bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 124 shares during the period. SVB Wealth LLC acquired a new position in Wyndham Hotels & Resorts in the first quarter valued at $46,000. Quarry LP boosted its position in Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company’s stock valued at $49,000 after acquiring an additional 139 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Wyndham Hotels & Resorts by 36.1% during the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company’s stock worth $57,000 after acquiring an additional 166 shares during the period. 93.46% of the stock is currently owned by institutional investors.
Wyndham Hotels & Resorts Stock Down 1.6%
Wyndham Hotels & Resorts stock opened at $74.77 on Monday. The firm has a 50 day moving average price of $82.92 and a 200-day moving average price of $84.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43. Wyndham Hotels & Resorts has a twelve month low of $73.89 and a twelve month high of $113.07. The company has a market capitalization of $5.65 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.75 and a beta of 0.92.
Wyndham Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, September 15th. Wyndham Hotels & Resorts’s payout ratio is currently 37.70%.
Analysts Set New Price Targets
Several brokerages have recently commented on WH. Stifel Nicolaus reduced their price objective on shares of Wyndham Hotels & Resorts from $103.50 to $95.50 and set a “buy” rating for the company in a research report on Thursday. Barclays cut their target price on shares of Wyndham Hotels & Resorts from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday. Truist Financial set a $98.00 price target on shares of Wyndham Hotels & Resorts in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Friday. Finally, Morgan Stanley set a $91.00 target price on Wyndham Hotels & Resorts and gave the company an “overweight” rating in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $104.46.
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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