WINTON GROUP Ltd lessened its holdings in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 62.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,426 shares of the company’s stock after selling 28,997 shares during the period. WINTON GROUP Ltd’s holdings in Wyndham Hotels & Resorts were worth $1,467,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Wyndham Hotels & Resorts during the second quarter valued at about $623,573,000. California State Teachers Retirement System raised its position in shares of Wyndham Hotels & Resorts by 8,083.0% in the 2nd quarter. California State Teachers Retirement System now owns 7,291,997 shares of the company’s stock valued at $614,059,000 after purchasing an additional 7,202,886 shares during the last quarter. Norges Bank acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter worth approximately $219,462,000. Bank of Montreal Can boosted its stake in Wyndham Hotels & Resorts by 14,200.0% in the 4th quarter. Bank of Montreal Can now owns 2,562,843 shares of the company’s stock worth $193,648,000 after purchasing an additional 2,544,921 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Wyndham Hotels & Resorts by 191.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,109,034 shares of the company’s stock worth $159,359,000 after purchasing an additional 1,386,569 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insider Buying and Selling at Wyndham Hotels & Resorts
In related news, CEO Geoffrey Ballotti sold 19,414 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.71, for a total value of $1,411,591.94. Following the completion of the transaction, the chief executive officer directly owned 549,323 shares in the company, valued at $39,941,275.33. The trade was a 3.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is currently owned by company insiders.
Wyndham Hotels & Resorts Stock Up 1.0%
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Wyndham Hotels & Resorts had a return on equity of 74.22% and a net margin of 14.67%.The company had revenue of $375.00 million during the quarter, compared to analysts’ expectations of $400.75 million. During the same period last year, the business earned $1.33 earnings per share. Wyndham Hotels & Resorts’s quarterly revenue was down 5.5% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2026 guidance at 4.710-4.830 EPS. On average, sell-side analysts predict that Wyndham Hotels & Resorts will post 4.81 EPS for the current year.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Wyndham Hotels & Resorts’s payout ratio is 63.24%.
Analysts Set New Price Targets
WH has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. cut their target price on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. Barclays reduced their target price on Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Finally, Susquehanna lowered their price target on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.64.
Read Our Latest Stock Analysis on WH
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc is a global hotel franchising company that provides branding, marketing, reservation, loyalty and other support services to independently owned and operated hotels. Its portfolio is focused primarily on the economy and midscale segments of the lodging industry.
The company’s brand portfolio includes well-known names such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Travelodge, Baymont, Microtel, Wingate, AmericInn, Econo Lodge, Howard Johnson, Dolce and Registry Collection Hotels.
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