Raymond James & Associates Has $5.53 Million Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James & Associates lifted its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 10.7% during the second quarter, Holdings Channel.com reports. The fund owned 74,663 shares of the company’s stock after buying an additional 7,226 shares during the period. Raymond James & Associates’ holdings in Wyndham Hotels & Resorts were worth $5,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 7,941.0% during the fourth quarter. International Assets Investment Management LLC now owns 15,680 shares of the company’s stock worth $1,261,000 after acquiring an additional 15,485 shares during the period. Signaturefd LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 24.1% during the fourth quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock worth $85,000 after acquiring an additional 204 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 17.6% during the fourth quarter. Victory Capital Management Inc. now owns 18,188 shares of the company’s stock worth $1,462,000 after acquiring an additional 2,716 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 6.7% during the fourth quarter. New York Life Investment Management LLC now owns 9,569 shares of the company’s stock worth $769,000 after acquiring an additional 598 shares during the period. Finally, Natixis Advisors L.P. bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $809,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WH. Barclays boosted their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus reduced their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Truist Financial cut their price target on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Susquehanna began coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price target for the company. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.43.

Wyndham Hotels & Resorts Trading Down 0.7 %

Shares of WH stock opened at $76.50 on Thursday. The stock has a 50 day simple moving average of $74.44 and a 200 day simple moving average of $74.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts, Inc. has a 1 year low of $65.63 and a 1 year high of $81.73. The stock has a market cap of $6.04 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 2.66 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same period in the prior year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Company 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.