Xponance Inc. Sells 6,503 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by Defense World Staff on Sep 30th, 2023

Xponance Inc. cut its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 36.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,146 shares of the company’s stock after selling 6,503 shares during the quarter. Xponance Inc.’s holdings in Wyndham Hotels & Resorts were worth $764,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Boston Partners raised its position in shares of Wyndham Hotels & Resorts by 15.0% during the first quarter. Boston Partners now owns 3,663,776 shares of the company’s stock worth $248,604,000 after acquiring an additional 477,862 shares during the last quarter. State Street Corp raised its position in shares of Wyndham Hotels & Resorts by 3.2% during the first quarter. State Street Corp now owns 2,554,592 shares of the company’s stock worth $216,348,000 after acquiring an additional 80,119 shares during the last quarter. FMR LLC raised its position in shares of Wyndham Hotels & Resorts by 7.1% during the first quarter. FMR LLC now owns 2,407,165 shares of the company’s stock worth $163,326,000 after acquiring an additional 159,530 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Wyndham Hotels & Resorts by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,242,143 shares of the company’s stock worth $189,887,000 after acquiring an additional 77,125 shares during the last quarter. Finally, Gates Capital Management Inc. raised its position in shares of Wyndham Hotels & Resorts by 35.9% during the first quarter. Gates Capital Management Inc. now owns 2,214,846 shares of the company’s stock worth $150,277,000 after acquiring an additional 585,000 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WH shares. StockNews.com started coverage on Wyndham Hotels & Resorts in a research report on Thursday, August 17th. They set a “hold” rating for the company. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $96.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, July 20th. Morgan Stanley lowered their target price on Wyndham Hotels & Resorts from $92.00 to $80.00 in a report on Tuesday, June 27th. Finally, TheStreet upgraded Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.57.

View Our Latest Stock Analysis on Wyndham Hotels & Resorts

Wyndham Hotels & Resorts Trading Down 1.5 %

Shares of Wyndham Hotels & Resorts stock opened at $69.54 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.00. Wyndham Hotels & Resorts, Inc. has a 52 week low of $60.72 and a 52 week high of $81.00. The stock has a 50 day moving average price of $74.69 and a two-hundred day moving average price of $70.80. The stock has a market capitalization of $5.86 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 13.94 and a beta of 1.39.

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced 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 firm had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $365.81 million. During the same quarter last year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 3.99 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were paid a $0.35 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.