Jackson Square Partners LLC Sells 275,226 Shares of Wyndham Hotels & Resorts $WH

Jackson Square Partners LLC decreased its position in Wyndham Hotels & Resorts (NYSE:WH) by 83.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,005 shares of the company’s stock after selling 275,226 shares during the period. Wyndham Hotels & Resorts comprises approximately 1.7% of Jackson Square Partners LLC’s holdings, making the stock its 19th largest holding. Jackson Square Partners LLC’s holdings in Wyndham Hotels & Resorts were worth $4,467,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Burgundy Asset Management Ltd. boosted its stake in Wyndham Hotels & Resorts by 3.0% during the first quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company’s stock worth $214,460,000 after buying an additional 68,172 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 0.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,364,127 shares of the company’s stock worth $110,782,000 after acquiring an additional 7,522 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Wyndham Hotels & Resorts by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 878,295 shares of the company’s stock valued at $79,494,000 after acquiring an additional 26,321 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the 1st quarter valued at about $70,353,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Wyndham Hotels & Resorts by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company’s stock valued at $66,997,000 after acquiring an additional 7,507 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Up 2.3%

Shares of NYSE WH opened at $73.70 on Friday. Wyndham Hotels & Resorts has a 1-year low of $71.37 and a 1-year high of $113.07. The company has a 50-day moving average of $80.07 and a two-hundred day moving average of $83.40. The company has a market cap of $5.57 billion, a PE ratio of 16.94, a P/E/G ratio of 1.88 and a beta of 0.89. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.54% and a return on equity of 61.12%. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $406.29 million. During the same quarter last year, the business posted $1.39 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was down 3.5% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. As a group, equities analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.41 per share. The ex-dividend date was Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. Wyndham Hotels & Resorts’s payout ratio is presently 37.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $91.00 price objective on Wyndham Hotels & Resorts and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, October 28th. Zacks Research cut Wyndham Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research report on Thursday. Susquehanna cut their price objective on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Truist Financial set a $98.00 target price on shares of Wyndham Hotels & Resorts in a research note on Friday, October 24th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $101.13.

About Wyndham Hotels & Resorts

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.