Raymond James & Associates Sells 3,366 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James & Associates lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 71,297 shares of the company’s stock after selling 3,366 shares during the quarter. Raymond James & Associates’ holdings in Wyndham Hotels & Resorts were worth $5,571,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WH. PFG Investments LLC increased its position in shares of Wyndham Hotels & Resorts by 4.4% in the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after purchasing an additional 155 shares during the period. GAMMA Investing LLC grew its holdings in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Wyndham Hotels & Resorts by 0.9% during the second quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after buying an additional 338 shares in the last quarter. State of Michigan Retirement System boosted its position in Wyndham Hotels & Resorts by 2.0% in the first quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after purchasing an additional 400 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its position in Wyndham Hotels & Resorts by 3.1% in the second quarter. iA Global Asset Management Inc. now owns 13,411 shares of the company’s stock worth $992,000 after purchasing an additional 407 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $88.01 on Friday. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.22 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The business has a 50-day simple moving average of $80.51 and a two-hundred day simple moving average of $75.53. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $91.93.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WH. Barclays upped their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their target price on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Truist Financial upped their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Insider Activity at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred 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 approximately $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,040 shares of company stock valued at $9,022,056. 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.