Janus Henderson Group PLC boosted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 628,521 shares of the company's stock after buying an additional 27,172 shares during the period. Janus Henderson Group PLC owned approximately 0.81% of Wyndham Hotels & Resorts worth $49,116,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in WH. Assetmark Inc. bought a new position in shares of Wyndham Hotels & Resorts in the third quarter worth approximately $30,000. GAMMA Investing LLC raised 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 worth $34,000 after acquiring an additional 207 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock worth $36,000 after acquiring an additional 203 shares during the last quarter. Concord Wealth Partners lifted its position in Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Wyndham Hotels & Resorts during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
Insider Transactions at Wyndham Hotels & Resorts
In other news, CFO Michele Allen sold 15,000 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company's stock, valued at $2,297,104.68. This represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock valued at $8,881,849 over the last quarter. 2.79% of the stock is currently owned by company insiders.
Wyndham Hotels & Resorts Stock Performance
Shares of WH traded up $0.01 on Friday, reaching $101.89. The company's stock had a trading volume of 631,528 shares, compared to its average volume of 748,580. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $103.17. The stock has a market capitalization of $7.93 billion, a P/E ratio of 32.34, a PEG ratio of 2.56 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The stock's 50 day simple moving average is $89.33 and its two-hundred day simple moving average is $79.60.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $396.00 million for the quarter, compared to analysts' expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. Research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts's payout ratio is 48.25%.
Wall Street Analysts Forecast Growth
WH has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price target for the company. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Barclays raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Oppenheimer lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.38.
Check Out Our Latest Report on WH
About Wyndham Hotels & Resorts
(
Free Report)
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.
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