Squarepoint Ops LLC Sells 14,631 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Squarepoint Ops LLC lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 66.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,502 shares of the company's stock after selling 14,631 shares during the period. Squarepoint Ops LLC's holdings in Wyndham Hotels & Resorts were worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in shares of Wyndham Hotels & Resorts by 377.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company's stock valued at $91,812,000 after buying an additional 980,848 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Wyndham Hotels & Resorts by 70.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company's stock valued at $163,589,000 after purchasing an additional 916,742 shares during the period. Balyasny Asset Management L.P. increased its position in Wyndham Hotels & Resorts by 219.0% during the fourth 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 during the last quarter. Vanguard Group Inc. raised its stake in Wyndham Hotels & Resorts by 7.5% during the first 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 during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Wyndham Hotels & Resorts by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company's stock valued at $445,881,000 after purchasing an additional 543,488 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the 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 in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the business's 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 sale, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the business'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 transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WH has been the topic of several research analyst reports. Susquehanna assumed coverage on 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. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price objective for the company. Stifel Nicolaus reduced 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 report on Thursday, July 25th. Finally, Truist Financial decreased their price target 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average target price of $90.25.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock traded up $1.24 during mid-day trading on Wednesday, reaching $79.26. The company's stock had a trading volume of 625,303 shares, compared to its average volume of 731,600. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.73 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.35 and a twelve month high of $81.73. The business has a 50 day moving average price of $76.99 and a 200-day moving average price of $74.24. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The company had revenue of $367.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.92%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) 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.