1832 Asset Management L.P. Sells 51,786 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

1832 Asset Management L.P. lowered its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 21.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,275 shares of the company’s stock after selling 51,786 shares during the quarter. 1832 Asset Management L.P. owned 0.23% of Wyndham Hotels & Resorts worth $14,220,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at $71,677,000. Balyasny Asset Management L.P. lifted its holdings in Wyndham Hotels & Resorts by 219.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after purchasing an additional 740,992 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Wyndham Hotels & Resorts by 10.9% during the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after purchasing an additional 543,488 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Wyndham Hotels & Resorts by 41.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 899,282 shares of the company’s stock worth $72,311,000 after purchasing an additional 262,031 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.0 %

WH traded down $0.03 on Friday, hitting $76.57. 940,390 shares of the company were exchanged, compared to its average volume of 840,254. Wyndham Hotels & Resorts, Inc. has a 12 month low of $65.63 and a 12 month high of $81.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.12. The firm has a fifty day simple moving average of $72.35 and a two-hundred day simple moving average of $74.81. The stock has a market capitalization of $6.17 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data 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 business had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter last year, the business posted $0.93 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WH. Stifel Nicolaus decreased their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday. Barclays upped their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.43.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The stock was sold at an average price of $69.46, for a total value of $280,618.40. Following the completion of the sale, the insider now owns 28,722 shares of the company’s stock, valued at approximately $1,995,030.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total transaction of $280,618.40. Following the sale, the insider now owns 28,722 shares in the company, valued at approximately $1,995,030.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott R. Strickland sold 4,076 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $276,393.56. Following the sale, the insider now owns 28,912 shares in the company, valued at approximately $1,960,522.72. The disclosure for this sale can be found here. Insiders sold a total of 206,933 shares of company stock valued at $15,130,227 in the last 90 days. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts 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.