Tremblant Capital Group Has $34.10 Million Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Tremblant Capital Group trimmed its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 460,843 shares of the company’s stock after selling 2,083 shares during the quarter. Wyndham Hotels & Resorts accounts for 3.7% of Tremblant Capital Group’s portfolio, making the stock its 12th largest holding. Tremblant Capital Group owned approximately 0.57% of Wyndham Hotels & Resorts worth $34,102,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the last quarter. TFO Wealth Partners LLC raised its stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares during the last quarter. Family Firm Inc. bought a new position in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC bought a new position in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $70,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WH shares. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Susquehanna began coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 price objective for the company. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, July 26th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.25.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $79.35 on Tuesday. The firm has a fifty day moving average of $76.20 and a two-hundred day moving average of $74.15. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.70 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Insider Activity

In other news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 in the last quarter. Company insiders own 2.79% of the company’s stock.

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.