Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 20.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,550 shares of the company’s stock after selling 3,249 shares during the period. State of Alaska Department of Revenue’s holdings in Wyndham Hotels & Resorts were worth $769,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WH. CWM LLC lifted its stake in Wyndham Hotels & Resorts by 1,217.2% during the 2nd quarter. CWM LLC now owns 382 shares of the company’s stock worth $25,000 after acquiring an additional 353 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $29,000. Point72 Hong Kong Ltd acquired a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $46,000. Quadrant Capital Group LLC lifted its stake in Wyndham Hotels & Resorts by 41.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,383 shares of the company’s stock worth $91,000 after acquiring an additional 403 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Wyndham Hotels & Resorts by 90.3% during the 1st quarter. Covestor Ltd now owns 1,427 shares of the company’s stock worth $121,000 after acquiring an additional 677 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michele Allen sold 14,940 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $71.34, for a total transaction of $1,065,819.60. Following the transaction, the chief financial officer now owns 65,452 shares in the company, valued at approximately $4,669,345.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, General Counsel Paul F. Cash sold 8,137 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $74.38, for a total transaction of $605,230.06. Following the transaction, the general counsel now owns 5,034 shares in the company, valued at approximately $374,428.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michele Allen sold 14,940 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $71.34, for a total value of $1,065,819.60. Following the transaction, the chief financial officer now owns 65,452 shares in the company, valued at approximately $4,669,345.68. The disclosure for this sale can be found here. Insiders have sold 28,652 shares of company stock worth $2,078,910 in the last quarter. 1.91% of the stock is owned by insiders.

Wyndham Hotels & Resorts Trading Down 2.3 %

WH opened at $70.16 on Tuesday. Wyndham Hotels & Resorts, Inc. has a one year low of $58.81 and a one year high of $93.86. The company has a market cap of $6.20 billion, a P/E ratio of 18.51, a PEG ratio of 2.30 and a beta of 1.42. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.60 and a current ratio of 1.60. The business’s 50-day simple moving average is $71.71 and its 200-day simple moving average is $68.84.

Wyndham Hotels & Resorts (NYSE:WHGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. Wyndham Hotels & Resorts had a return on equity of 32.64% and a net margin of 22.30%. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $379.15 million. As a group, equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 3.86 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.82%. Wyndham Hotels & Resorts’s payout ratio is currently 33.77%.

Wall Street Analysts Forecast Growth

WH has been the topic of several research reports. Morgan Stanley initiated coverage on Wyndham Hotels & Resorts in a research note on Monday, December 5th. They set an “overweight” rating and a $87.00 target price on the stock. Barclays raised Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $88.00 in a research report on Thursday, December 15th. Redburn Partners assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, November 30th. They issued a “neutral” rating on the stock. TheStreet raised Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, November 16th. Finally, StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.13.

Wyndham Hotels & Resorts Company 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.

Further Reading

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

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