New York Life Investment Management LLC Increases Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

New York Life Investment Management LLC raised its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,569 shares of the company’s stock after purchasing an additional 598 shares during the quarter. New York Life Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wyndham Hotels & Resorts by 8.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,156 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,987 shares during the last quarter. Strs Ohio purchased a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at approximately $1,159,000. Fifth Third Bancorp grew its holdings in shares of Wyndham Hotels & Resorts by 7.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,598 shares of the company’s stock worth $181,000 after purchasing an additional 173 shares during the period. Manhattan West Asset Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 29.5% in the 3rd quarter. Manhattan West Asset Management LLC now owns 11,339 shares of the company’s stock valued at $828,000 after acquiring an additional 2,580 shares during the period. Finally, Lmcg Investments LLC boosted its position in shares of Wyndham Hotels & Resorts by 2.1% during the third quarter. Lmcg Investments LLC now owns 28,838 shares of the company’s stock worth $2,005,000 after buying an additional 596 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Down 2.2 %

NYSE WH opened at $72.56 on Thursday. Wyndham Hotels & Resorts, Inc. has a 52-week low of $63.69 and a 52-week high of $81.73. The firm has a 50-day moving average price of $74.56 and a 200 day moving average price of $76.89. The stock has a market capitalization of $5.85 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.55 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 2.09%. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Wall Street Analyst Weigh In

Several equities analysts have commented on WH shares. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a research note on Sunday. They issued a “hold” rating for the company. Barclays lifted their price objective 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, April 26th. Finally, Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $88.17.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the sale, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at $900,916. The disclosure for this sale can be found here. 2.79% of the stock is owned by company insiders.

Wyndham Hotels & Resorts 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.