Teza Capital Management LLC Acquires Shares of 5,385 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by on Mar 13th, 2023

Teza Capital Management LLC acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,385 shares of the company’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $2,376,000. Pathstone Family Office LLC increased its position in Wyndham Hotels & Resorts by 48.0% in the 3rd quarter. Pathstone Family Office LLC now owns 4,733 shares of the company’s stock valued at $291,000 after acquiring an additional 1,535 shares in the last quarter. Marshall Wace LLP acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $6,835,000. Edgestream Partners L.P. acquired a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter worth approximately $709,000. Finally, First Manhattan Co. grew its position in shares of Wyndham Hotels & Resorts by 0.8% during the 3rd quarter. First Manhattan Co. now owns 177,885 shares of the company’s stock worth $10,913,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 91.13% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 1.8 %

Wyndham Hotels & Resorts stock opened at $71.03 on Monday. The company’s 50 day simple moving average is $75.70 and its 200 day simple moving average is $71.33. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $58.81 and a fifty-two week high of $93.86. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.12 and a beta of 1.41. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.34 and a quick ratio of 1.34.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. Wyndham Hotels & Resorts had a net margin of 23.70% and a return on equity of 33.61%. The business had revenue of $334.00 million for the quarter, compared to analyst estimates of $324.33 million. During the same quarter last year, the firm earned $0.69 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 3.98 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.32. Wyndham Hotels & Resorts’s payout ratio is presently 32.82%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CMO Lisa Checchio sold 6,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $76.90, for a total value of $461,400.00. Following the transaction, the chief marketing officer now owns 13,692 shares of the company’s stock, valued at $1,052,914.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

WH has been the subject of several analyst reports. Redburn Partners initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, November 30th. They set a “neutral” rating for the company. Morgan Stanley lifted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 7th. Barclays lowered their price target on shares of Wyndham Hotels & Resorts from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, January 20th. Robert W. Baird lowered their price target on shares of Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, TheStreet upgraded shares of Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, November 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.50.

Wyndham Hotels & Resorts Profile

(Get Rating)

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.

Featured Articles

Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating).

Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.