Marshall Wace LLP Takes Position in Wyndham Hotels & Resorts Inc (WH)

Marshall Wace LLP acquired a new position in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,285 shares of the company’s stock, valued at approximately $664,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Impax Asset Management LLC purchased a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $1,104,000. Macquarie Group Ltd. purchased a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $13,671,000. Cubist Systematic Strategies LLC purchased a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $780,000. Point72 Asset Management L.P. purchased a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $363,000. Finally, Engine Capital Management LP purchased a new position in Wyndham Hotels & Resorts in the 2nd quarter worth $5,295,000. 86.85% of the stock is owned by institutional investors.

In other Wyndham Hotels & Resorts news, insider Thomas Hunter Barber sold 879 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $60.07, for a total value of $52,801.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Geoffrey A. Ballotti acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was purchased at an average price of $61.48 per share, for a total transaction of $614,800.00. The disclosure for this purchase can be found here.

A number of brokerages recently commented on WH. Longbow Research began coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, September 7th. They issued a “buy” rating and a $77.00 target price on the stock. UBS Group upgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Wolfe Research cut shares of Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 10th. Goldman Sachs Group upgraded shares of Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a research report on Monday, June 25th. Finally, SunTrust Banks began coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, June 14th. They issued a “buy” rating and a $71.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.29.

WH stock opened at $55.13 on Friday. Wyndham Hotels & Resorts Inc has a 12-month low of $53.43 and a 12-month high of $66.95. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 1.15.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The business had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $514.63 million. The business’s revenue was up 31.4% on a year-over-year basis. sell-side analysts anticipate that Wyndham Hotels & Resorts Inc will post 2.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, September 13th.

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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