TimesSquare Capital Management LLC Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

TimesSquare Capital Management LLC bought a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the first quarter, Holdings Channel reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $1,382,000.

Several other large investors also recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in Wyndham Hotels & Resorts by 205.6% during the 1st quarter. SG Americas Securities LLC now owns 6,861 shares of the company’s stock worth $527,000 after buying an additional 4,616 shares during the period. Quantbot Technologies LP raised its position in shares of Wyndham Hotels & Resorts by 32.9% in the 1st quarter. Quantbot Technologies LP now owns 49,674 shares of the company’s stock valued at $3,812,000 after purchasing an additional 12,299 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Wyndham Hotels & Resorts by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 72,607 shares of the company’s stock valued at $5,573,000 after buying an additional 972 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth approximately $17,266,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter worth $2,038,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. StockNews.com started coverage on Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They issued a “hold” rating for the company. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $69.46, for a total value of $280,618.40. Following the transaction, the insider now owns 28,722 shares in the company, valued at $1,995,030.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The disclosure for this sale can be found here. In the last three months, insiders sold 206,933 shares of company stock valued at $15,130,227. 2.79% of the stock is owned by insiders.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.97 during trading hours on Friday, hitting $73.95. The company’s stock had a trading volume of 615,774 shares, compared to its average volume of 837,785. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $81.73. The company has a 50-day simple moving average of $71.84 and a 200 day simple moving average of $75.21. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $5.96 billion, a PE ratio of 26.22, a PEG ratio of 2.57 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. During the same period last year, the company posted $0.86 EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. 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.