JPMorgan Chase & Co. Purchases 68,061 Shares of Wyndham Hotels & Resorts Inc (WH)

JPMorgan Chase & Co. grew its position in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,296,377 shares of the company’s stock after buying an additional 68,061 shares during the period. JPMorgan Chase & Co.’s holdings in Wyndham Hotels & Resorts were worth $114,794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WH. Oregon Public Employees Retirement Fund increased its position in shares of Wyndham Hotels & Resorts by 4,437.0% in 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. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth $73,628,000. Norges Bank bought a new position in shares of Wyndham Hotels & Resorts in the fourth quarter worth $59,189,000. Millennium Management LLC increased its position in shares of Wyndham Hotels & Resorts by 400.6% in the fourth quarter. Millennium Management LLC now owns 1,414,188 shares of the company’s stock worth $64,162,000 after purchasing an additional 1,131,716 shares during the period. Finally, Lakewood Capital Management LP increased its position in shares of Wyndham Hotels & Resorts by 3,403.3% in the fourth quarter. Lakewood Capital Management LP now owns 1,051,000 shares of the company’s stock worth $47,684,000 after purchasing an additional 1,021,000 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

In other news, Director Pauline Richards sold 10,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $55.72, for a total transaction of $557,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicola Rossi sold 2,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $56.20, for a total value of $112,400.00. The disclosure for this sale can be found here. Insiders have sold 89,000 shares of company stock worth $4,989,600 over the last three months. Insiders own 1.90% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 3rd. Oppenheimer set a $69.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, Jefferies Financial Group set a $72.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Tuesday, March 5th. 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 has an average rating of “Buy” and an average target price of $69.88.

NYSE:WH opened at $54.76 on Friday. The stock has a market capitalization of $5.36 billion and a P/E ratio of 20.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.55. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $448.71 million. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 55.0% on a year-over-year basis. Equities analysts predict that Wyndham Hotels & Resorts Inc will post 3.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, June 13th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

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Wyndham Hotels & Resorts Profile

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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