Coronation Fund Managers Ltd. Invests $6.44 Million in Wyndham Hotels & Resorts Inc (WH)

Coronation Fund Managers Ltd. bought a new stake in Wyndham Hotels & Resorts Inc (NYSE:WH) in the first quarter, Holdings Channel reports. The firm bought 128,843 shares of the company’s stock, valued at approximately $6,441,000.

Several other institutional investors have also made changes to their positions in the company. Enlightenment Research LLC bought a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $27,000. First Financial Corp IN bought a new stake in Wyndham Hotels & Resorts during the first quarter worth about $30,000. Oregon Public Employees Retirement Fund lifted its position in Wyndham Hotels & Resorts by 4,437.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,794,202 shares of the company’s stock worth $40,000 after purchasing an additional 1,754,656 shares during the period. We Are One Seven LLC bought a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $67,000. Finally, Princeton Global Asset Management LLC bought a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $181,000. 92.52% of the stock is owned by institutional investors.

In other news, insider Nicola Rossi sold 2,000 shares of the company’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 value of $108,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen P. Holmes sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $53.47, for a total value of $1,336,750.00. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $1,496,750 in the last ninety days. 1.90% of the stock is currently owned by insiders.

Several research analysts have commented on WH shares. Oppenheimer set a $69.00 target price on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a research note on Thursday, February 14th. Jefferies Financial Group set a $72.00 target price on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $71.29.

Shares of Wyndham Hotels & Resorts stock traded down $0.01 on Wednesday, hitting $54.32. The stock had a trading volume of 717,304 shares, compared to its average volume of 1,038,824. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $66.95. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $5.23 billion and a P/E ratio of 20.05.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Wyndham Hotels & Resorts had a return on equity of 18.24% and a net margin of 8.62%. The company had revenue of $527.00 million during the quarter, compared to the consensus estimate of $498.92 million. The company’s quarterly revenue was up 68.9% compared to the same quarter last year. Equities analysts anticipate that Wyndham Hotels & Resorts Inc will post 3.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.14%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.25. Wyndham Hotels & Resorts’s dividend payout ratio is currently 42.80%.

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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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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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