AGF Management Ltd. Has $3.05 Million Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by Defense World Staff on Jul 31st, 2023

AGF Management Ltd. trimmed its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 68.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,948 shares of the company’s stock after selling 95,493 shares during the period. AGF Management Ltd. owned approximately 0.05% of Wyndham Hotels & Resorts worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its stake in shares of Wyndham Hotels & Resorts by 139.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after acquiring an additional 255 shares during the last quarter. Money Concepts Capital Corp bought a new stake in Wyndham Hotels & Resorts in the fourth quarter worth approximately $33,000. Point72 Hong Kong Ltd acquired a new position in Wyndham Hotels & Resorts during the second quarter worth $46,000. North Star Investment Management Corp. bought a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at approximately $47,000. Finally, GW&K Investment Management LLC raised its position in shares of Wyndham Hotels & Resorts by 22.5% in the fourth quarter. GW&K Investment Management LLC now owns 943 shares of the company’s stock valued at $67,000 after purchasing an additional 173 shares during the period. 91.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Thursday, May 18th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, April 5th. They issued a “buy” rating and a $79.00 target price on the stock. Oppenheimer dropped their price objective on Wyndham Hotels & Resorts from $100.00 to $90.00 in a research note on Thursday, April 27th. Barclays dropped their price objective on shares of Wyndham Hotels & Resorts from $89.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, April 21st. Finally, Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $87.00 to $81.00 in a report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.57.

Insider Activity

In other news, CAO Nicola Rossi sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $73.72, for a total value of $589,760.00. Following the completion of the transaction, the chief accounting officer now owns 5,741 shares in the company, valued at $423,226.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.29% of the stock is owned by company insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $78.07 on Monday. The firm has a fifty day moving average of $70.93 and a two-hundred day moving average of $71.30. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.72 and a beta of 1.36. Wyndham Hotels & Resorts, Inc. has a 52 week low of $58.81 and a 52 week high of $81.00.

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. Wyndham Hotels & Resorts had a return on equity of 34.12% and a net margin of 20.76%. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $365.81 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 3.98 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 41.79%.

Wyndham Hotels & Resorts Profile

(Free Report)

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.