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

QRG Capital Management Inc. bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,578 shares of the company's stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont lifted its holdings in shares of Wyndham Hotels & Resorts by 434.8% in the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the last quarter. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at about $30,000. UMB Bank n.a. increased its position in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock valued at $40,000 after acquiring an additional 168 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock valued at $32,000 after acquiring an additional 190 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock valued at $36,000 after acquiring an additional 203 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

WH stock traded down $1.97 on Friday, reaching $98.44. The company had a trading volume of 2,076,263 shares, compared to its average volume of 781,567. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The company's fifty day moving average is $104.81 and its 200 day moving average is $94.15. The company has a market cap of $7.65 billion, a P/E ratio of 27.12, a PEG ratio of 1.87 and a beta of 1.28.

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Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.64 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio is presently 41.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WH shares. Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group boosted their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.45.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.