Jackson Square Partners LLC Has $103.30 Million Position in Wyndham Hotels & Resorts Inc (NYSE:WH)

Jackson Square Partners LLC lifted its stake in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,066,437 shares of the company’s stock after buying an additional 139,472 shares during the period. Jackson Square Partners LLC’s holdings in Wyndham Hotels & Resorts were worth $103,301,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Enlightenment Research LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $27,000. First Financial Corp IN purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at about $30,000. Rockefeller Capital Management L.P. purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at about $32,000. Bremer Bank National Association purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at about $93,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Wyndham Hotels & Resorts by 678.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock valued at $119,000 after acquiring an additional 2,062 shares during the period. 91.43% of the stock is currently owned by institutional investors.

In related news, insider Nicola Rossi sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $54.00, for a total transaction of $108,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michele Allen sold 4,475 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $56.12, for a total value of $251,137.00. The disclosure for this sale can be found here. Insiders sold a total of 94,975 shares of company stock valued at $5,323,927 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Shares of NYSE:WH traded up $0.35 during trading on Wednesday, hitting $56.48. The stock had a trading volume of 10,935 shares, compared to its average volume of 992,856. Wyndham Hotels & Resorts Inc has a 12 month low of $43.03 and a 12 month high of $63.95. The firm has a market capitalization of $5.48 billion and a P/E ratio of 20.79. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.17 and a current ratio of 1.17.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. Wyndham Hotels & Resorts had a return on equity of 18.80% and a net margin of 7.03%. The firm had revenue of $468.00 million during the quarter, compared to analyst estimates of $448.71 million. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 55.0% compared to the same quarter last year. On average, equities analysts forecast that Wyndham Hotels & Resorts Inc will post 3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 42.80%.

Several equities research analysts have weighed in on WH shares. Oppenheimer set a $69.00 price objective on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Thursday, February 14th. Jefferies Financial Group set a $72.00 price objective on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research cut Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Bank of America started coverage on Wyndham Hotels & Resorts in a report on Wednesday. They issued a “buy” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Wyndham Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $67.57.

WARNING: “Jackson Square Partners LLC Has $103.30 Million Position in Wyndham Hotels & Resorts Inc (NYSE:WH)” was first published by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.wkrb13.com/2019/06/12/jackson-square-partners-llc-has-103-30-million-position-in-wyndham-hotels-resorts-inc-nysewh.html.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

Recommended Story: Compound Annual Growth Rate (CAGR)

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).

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.