Millennium Management LLC Purchases 131,848 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Millennium Management LLC grew its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,174,404 shares of the company's stock after acquiring an additional 131,848 shares during the quarter. Millennium Management LLC owned about 1.46% of Wyndham Hotels & Resorts worth $86,906,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company's stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 1,245.1% during the second quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after buying an additional 635 shares during the period. TFO Wealth Partners LLC lifted its position in Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company's stock valued at $66,000 after purchasing an additional 822 shares during the period. Family Firm Inc. purchased a new position in Wyndham Hotels & Resorts in the second quarter valued at about $67,000. Finally, International Assets Investment Management LLC purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, September 19th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price objective on the stock. Stifel Nicolaus lowered their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a "neutral" rating and a $80.00 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.25.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH remained flat at $80.79 during midday trading on Friday. 903,310 shares of the company traded hands, compared to its average volume of 738,339. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The business has a 50 day moving average of $76.62 and a 200-day moving average of $74.20. The firm has a market capitalization of $6.51 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.78 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same quarter last year, the firm earned $0.93 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Nicola Rossi sold 7,297 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 4,107 shares of the company's stock, valued at $315,006.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monica Melancon sold 5,040 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company's stock, valued at approximately $823,661.96. The disclosure for this sale can be found here. Insiders have sold a total of 12,640 shares of company stock worth $974,351 over the last 90 days. Insiders own 2.79% of the company's stock.

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.