Wyndham Hotels & Resorts Inc (WH) Position Reduced by Investec Asset Management LTD

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Investec Asset Management LTD cut its stake in Wyndham Hotels & Resorts Inc (NYSE:WH) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,534,364 shares of the company’s stock after selling 85,452 shares during the period. Investec Asset Management LTD’s holdings in Wyndham Hotels & Resorts were worth $76,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in Wyndham Hotels & Resorts by 0.3% during the 4th quarter. Arizona State Retirement System now owns 71,188 shares of the company’s stock valued at $3,230,000 after acquiring an additional 216 shares during the period. Lincoln Capital Corp lifted its stake in Wyndham Hotels & Resorts by 0.8% during the 1st quarter. Lincoln Capital Corp now owns 31,975 shares of the company’s stock valued at $1,598,000 after acquiring an additional 259 shares during the period. Investec Asset Management PTY Ltd lifted its stake in Wyndham Hotels & Resorts by 2.7% during the 1st quarter. Investec Asset Management PTY Ltd now owns 12,315 shares of the company’s stock valued at $615,000 after acquiring an additional 321 shares during the period. LS Investment Advisors LLC lifted its stake in Wyndham Hotels & Resorts by 5.1% during the 4th quarter. LS Investment Advisors LLC now owns 6,770 shares of the company’s stock valued at $307,000 after acquiring an additional 330 shares during the period. Finally, First Hawaiian Bank lifted its stake in Wyndham Hotels & Resorts by 9.8% during the 1st quarter. First Hawaiian Bank now owns 4,588 shares of the company’s stock valued at $230,000 after acquiring an additional 408 shares during the period. Institutional investors own 92.52% of the company’s stock.

Several brokerages have commented on WH. Jefferies Financial Group set a $72.00 price objective on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Oppenheimer set a $69.00 price objective on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Thursday, February 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $71.29.

NYSE:WH opened at $54.32 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.50. The company has a market cap of $5.29 billion and a PE ratio of 20.04. Wyndham Hotels & Resorts Inc has a 1-year low of $43.03 and a 1-year high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, February 13th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm had revenue of $527.00 million during the quarter, compared to analyst estimates of $498.92 million. Wyndham Hotels & Resorts had a net margin of 8.62% and a return on equity of 18.24%. Wyndham Hotels & Resorts’s revenue for the quarter was up 68.9% on a year-over-year basis. Analysts expect that Wyndham Hotels & Resorts Inc will post 3.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.14%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

In other news, insider Nicola Rossi sold 2,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen P. Holmes sold 25,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $53.47, for a total transaction of $1,336,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $1,496,750. Insiders own 1.90% of the company’s stock.

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Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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