Envestnet Asset Management Inc. Grows Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Envestnet Asset Management Inc. grew its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 48.1% during the second quarter, HoldingsChannel reports. The firm owned 91,173 shares of the company’s stock after purchasing an additional 29,611 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $6,747,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WH. Balyasny Asset Management L.P. increased its stake in Wyndham Hotels & Resorts by 219.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after acquiring an additional 740,992 shares during the last quarter. Vanguard Group Inc. increased its position in Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares in the last quarter. Wellington Management Group LLP raised its holdings in Wyndham Hotels & Resorts by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock valued at $445,881,000 after buying an additional 543,488 shares during the period. Janus Henderson Group PLC lifted its position in Wyndham Hotels & Resorts by 1,186.0% during the first quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock valued at $39,092,000 after buying an additional 469,827 shares in the last quarter. Finally, Boston Partners grew its stake in Wyndham Hotels & Resorts by 15.4% during the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after buying an additional 430,053 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the topic of several recent research reports. Susquehanna began coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a “neutral” rating and a $80.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Truist Financial lowered their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.25.

Insider Activity

In related news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock worth $974,351 over the last ninety days. Insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $80.79 on Monday. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a fifty day moving average price of $76.62 and a two-hundred day moving average price of $74.20. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $81.73. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.78 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter last year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.