Ascent Group LLC Invests $1.42 Million in Wyndham Hotels & Resorts $WH

Ascent Group LLC purchased a new position in Wyndham Hotels & Resorts (NYSE:WH) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,674 shares of the company’s stock, valued at approximately $1,419,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WH. Nuveen LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at approximately $70,353,000. Samlyn Capital LLC increased its holdings in Wyndham Hotels & Resorts by 144.7% during the 1st quarter. Samlyn Capital LLC now owns 661,554 shares of the company’s stock worth $59,877,000 after purchasing an additional 391,181 shares during the period. Fiera Capital Corp purchased a new position in Wyndham Hotels & Resorts during the 1st quarter worth $22,073,000. Long Pond Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth $21,103,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Wyndham Hotels & Resorts by 155.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 371,823 shares of the company’s stock worth $33,654,000 after buying an additional 226,146 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WH has been the subject of several research reports. Truist Financial upped their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an “overweight” rating and a $101.00 target price for the company. Barclays upped their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH opened at $87.27 on Wednesday. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. Wyndham Hotels & Resorts has a 52 week low of $75.91 and a 52 week high of $113.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The firm has a 50 day moving average of $87.02 and a 200 day moving average of $87.10.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. Wyndham Hotels & Resorts’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, September 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 38.32%.

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.