Alliancebernstein L.P. Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Alliancebernstein L.P. decreased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 105,378 shares of the company’s stock after selling 2,653 shares during the quarter. Alliancebernstein L.P.’s holdings in Wyndham Hotels & Resorts were worth $10,621,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its holdings in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after acquiring an additional 25,702 shares in the last quarter. CIBC Asset Management Inc acquired a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $248,000. Stifel Financial Corp raised its holdings in shares of Wyndham Hotels & Resorts by 91.9% in the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock worth $2,396,000 after buying an additional 14,688 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after buying an additional 8,129 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on WH shares. JPMorgan Chase & Co. lifted their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays lifted their target price on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Redburn Atlantic upgraded shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Monday, March 24th. Finally, Truist Financial cut 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 note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $82.39 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $113.07. The stock’s 50-day moving average price is $97.53 and its 200-day moving average price is $95.84. The stock has a market capitalization of $6.38 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.99%. The ex-dividend date was Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s payout ratio is presently 45.18%.

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.