Gates Capital Management Inc. Has $74.01 Million Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Gates Capital Management Inc. decreased its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 734,266 shares of the company’s stock after selling 177,447 shares during the quarter. Wyndham Hotels & Resorts comprises approximately 1.4% of Gates Capital Management Inc.’s holdings, making the stock its 23rd largest position. Gates Capital Management Inc. owned about 0.94% of Wyndham Hotels & Resorts worth $74,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its position in Wyndham Hotels & Resorts by 2.1% in the fourth quarter. Gotham Asset Management LLC now owns 149,422 shares of the company’s stock worth $15,060,000 after purchasing an additional 3,041 shares during the period. Focus Partners Wealth raised its position in Wyndham Hotels & Resorts by 0.6% in the fourth quarter. Focus Partners Wealth now owns 59,558 shares of the company’s stock worth $6,003,000 after purchasing an additional 345 shares in the last quarter. Ethic Inc. lifted its stake in Wyndham Hotels & Resorts by 94.7% during the fourth quarter. Ethic Inc. now owns 12,337 shares of the company’s stock worth $1,243,000 after purchasing an additional 6,002 shares during the period. Concentric Capital Strategies LP acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $9,402,000. Finally, Corvex Management LP acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $3,462,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WH. Jefferies Financial Group cut their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Morgan Stanley decreased their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Truist Financial cut their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Robert W. Baird lowered their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Susquehanna increased their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.48.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $84.51 on Friday. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The firm has a 50-day moving average of $87.30 and a 200-day moving average of $96.25. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $6.51 billion, a PE ratio of 23.28, a P/E/G ratio of 1.87 and a beta of 1.08.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million during the quarter, compared to analysts’ expectations of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. Wyndham Hotels & Resorts’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.41 dividend. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, March 17th. Wyndham Hotels & Resorts’s payout ratio is presently 38.86%.

Wyndham Hotels & Resorts Company 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.