Advisors Asset Management Inc. Grows Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Advisors Asset Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 38.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,480 shares of the company’s stock after acquiring an additional 970 shares during the quarter. Advisors Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new stake in Wyndham Hotels & Resorts during the first quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in Wyndham Hotels & Resorts during the first quarter valued at about $27,000. CWM LLC lifted its holdings in Wyndham Hotels & Resorts by 1,217.2% during the second quarter. CWM LLC now owns 382 shares of the company’s stock valued at $25,000 after purchasing an additional 353 shares during the last quarter. Quent Capital LLC lifted its holdings in Wyndham Hotels & Resorts by 51.0% during the first quarter. Quent Capital LLC now owns 509 shares of the company’s stock valued at $43,000 after purchasing an additional 172 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Wyndham Hotels & Resorts by 228.3% in the first quarter. Huntington National Bank now owns 719 shares of the company’s stock worth $61,000 after buying an additional 500 shares in the last quarter. 90.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Scott R. Strickland sold 1,575 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $74.07, for a total value of $116,660.25. Following the transaction, the insider now directly owns 12,127 shares in the company, valued at $898,246.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, CMO Lisa Checchio sold 4,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $72.80, for a total transaction of $291,200.00. Following the transaction, the chief marketing officer now directly owns 13,120 shares in the company, valued at $955,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott R. Strickland sold 1,575 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $74.07, for a total transaction of $116,660.25. Following the transaction, the insider now owns 12,127 shares in the company, valued at $898,246.89. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Wyndham Hotels & Resorts Stock Up 0.9 %

WH stock opened at $73.28 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average is $68.13 and its 200 day moving average is $69.88. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.47. Wyndham Hotels & Resorts, Inc. has a 1-year low of $58.81 and a 1-year high of $93.86.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 33.77%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price target on shares of Wyndham Hotels & Resorts from $96.00 to $88.00 in a report on Friday, July 29th. TheStreet raised shares of Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, November 16th. Barclays increased their price target on shares of Wyndham Hotels & Resorts to $80.00 in a report on Thursday, October 27th. Finally, StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Wyndham Hotels & Resorts Profile

(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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