Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lessened its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,453 shares of the company’s stock after selling 900 shares during the period. State of Michigan Retirement System’s holdings in Wyndham Hotels & Resorts were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after buying an additional 635 shares in the last quarter. TFO Wealth Partners LLC boosted its position in Wyndham Hotels & Resorts by 41,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after acquiring an additional 822 shares during the last quarter. Family Firm Inc. acquired a new position in Wyndham Hotels & Resorts during the second quarter worth about $67,000. Finally, Concord Wealth Partners grew its stake in Wyndham Hotels & Resorts by 70.8% during the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock valued at $79,000 after acquiring an additional 424 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $77.19 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.66 and a beta of 1.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73. The business’s fifty day simple moving average is $74.52 and its 200-day simple moving average is $74.17.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10. The firm had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. Wyndham Hotels & Resorts’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WH. Barclays boosted their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Susquehanna assumed coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Two equities research 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 price target of $89.43.

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.