Wyndham Hotels & Resorts, Inc. (NYSE:WH) Stock Holdings Reduced by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,863 shares of the company's stock after selling 12,647 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.18% of Wyndham Hotels & Resorts worth $10,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WH. Aristides Capital LLC raised its holdings in Wyndham Hotels & Resorts by 48.5% in the 2nd quarter. Aristides Capital LLC now owns 11,278 shares of the company's stock worth $835,000 after acquiring an additional 3,682 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Wyndham Hotels & Resorts by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 13,282 shares of the company's stock worth $983,000 after purchasing an additional 558 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wyndham Hotels & Resorts by 11.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,225 shares of the company's stock worth $387,000 after purchasing an additional 557 shares in the last quarter. Creative Planning raised its stake in shares of Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. Creative Planning now owns 11,665 shares of the company's stock worth $863,000 after buying an additional 496 shares in the last quarter. Finally, Millennium Management LLC increased its position in Wyndham Hotels & Resorts by 12.6% in the 2nd quarter. Millennium Management LLC now owns 1,174,404 shares of the company's stock worth $86,906,000 after purchasing an additional 131,848 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated 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 sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company's stock, valued at $823,661.96. The disclosure for this sale can be found here. Insiders sold a total of 12,640 shares of company stock worth $974,351 over the last ninety days. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WH shares. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Thursday, September 19th. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a "neutral" rating and a $80.00 target price for the company. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a "buy" rating and a $96.00 price objective on the stock. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a "buy" rating for the company in a research report on Friday, July 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.25.

Wyndham Hotels & Resorts Trading Up 0.8 %

WH traded up $0.63 during midday trading on Wednesday, hitting $78.54. 439,585 shares of the company were exchanged, compared to its average volume of 736,763. The firm's 50 day moving average price is $76.77 and its 200-day moving average price is $74.20. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $6.33 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.80 and a beta of 1.33.

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

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. Wyndham Hotels & Resorts's dividend payout ratio is presently 53.90%.

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.