Nordea Investment Management AB Purchases 1,231 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Nordea Investment Management AB lifted its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,035 shares of the company’s stock after acquiring an additional 1,231 shares during the period. Nordea Investment Management AB’s holdings in Wyndham Hotels & Resorts were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Wyndham Hotels & Resorts by 75.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,165,018 shares of the company’s stock worth $194,093,000 after buying an additional 929,501 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Wyndham Hotels & Resorts by 28.9% during the fourth quarter. William Blair Investment Management LLC now owns 3,940,506 shares of the company’s stock valued at $353,266,000 after purchasing an additional 884,079 shares during the last quarter. Marshall Wace LLP bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $36,246,000. Mackenzie Financial Corp purchased a new stake in Wyndham Hotels & Resorts in the fourth quarter worth approximately $29,669,000. Finally, Glenmede Trust Co. NA grew its position in Wyndham Hotels & Resorts by 9,937.8% in the 4th quarter. Glenmede Trust Co. NA now owns 326,127 shares of the company’s stock worth $29,236,000 after purchasing an additional 322,878 shares during the period. Institutional investors own 92.63% of the company’s stock.

Shares of Wyndham Hotels & Resorts stock opened at $67.48 on Wednesday. The stock has a market cap of $6.21 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.44 and a beta of 1.49. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.13 and a current ratio of 2.13. The stock’s fifty day moving average is $77.82 and its 200 day moving average is $82.51. Wyndham Hotels & Resorts, Inc. has a one year low of $62.89 and a one year high of $93.86.

Wyndham Hotels & Resorts (NYSE:WHGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.29. The business had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $339.16 million. Wyndham Hotels & Resorts had a return on equity of 31.60% and a net margin of 19.91%. During the same quarter in the prior year, the business posted $0.36 earnings per share. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 3.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 36.78%.

In related news, General Counsel Paul F. Cash sold 30,331 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $79.94, for a total value of $2,424,660.14. Following the completion of the transaction, the general counsel now owns 11,680 shares of the company’s stock, valued at approximately $933,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.91% of the company’s stock.

WH has been the topic of a number of research reports. StockNews.com upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. Barclays started coverage on Wyndham Hotels & Resorts in a research report on Tuesday. They issued an “equal weight” rating on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

About Wyndham Hotels & Resorts (Get Rating)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

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

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