William Blair Investment Management LLC Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

William Blair Investment Management LLC lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 25.1% during the second quarter, HoldingsChannel.com reports. The fund owned 1,014,743 shares of the company’s stock after selling 340,534 shares during the quarter. William Blair Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $69,581,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Allworth Financial LP increased its stake in Wyndham Hotels & Resorts by 65.5% during the 2nd quarter. Allworth Financial LP now owns 412 shares of the company’s stock worth $28,000 after buying an additional 163 shares during the period. Rockefeller Capital Management L.P. increased its stake in Wyndham Hotels & Resorts by 139.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 255 shares during the period. Money Concepts Capital Corp purchased a new stake in Wyndham Hotels & Resorts during the 4th quarter worth $33,000. Point72 Hong Kong Ltd purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $46,000. Finally, Concord Wealth Partners increased its stake in Wyndham Hotels & Resorts by 25.8% during the 2nd quarter. Concord Wealth Partners now owns 1,506 shares of the company’s stock worth $103,000 after buying an additional 309 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.6 %

NYSE WH opened at $77.48 on Tuesday. Wyndham Hotels & Resorts, Inc. has a one year low of $63.69 and a one year high of $81.00. The company has a 50-day simple moving average of $72.58 and a 200-day simple moving average of $72.18. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $6.43 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 7.49 and a beta of 1.37.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 25th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $395.44 million. Wyndham Hotels & Resorts had a net margin of 20.98% and a return on equity of 36.32%. Wyndham Hotels & Resorts’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.01 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, December 12th. Wyndham Hotels & Resorts’s payout ratio is 40.82%.

Analyst Upgrades and Downgrades

WH has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Sunday. They issued a “hold” rating for the company. TheStreet raised shares of Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. HSBC initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, October 23rd. They issued a “buy” rating and a $87.00 target price for the company. Finally, Stifel Nicolaus dropped their target price on shares of Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.00.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.