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.
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.
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.
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