Allspring Global Investments Holdings LLC lessened its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,139 shares of the company's stock after selling 25,274 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Wyndham Hotels & Resorts worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of WH. PFG Investments LLC increased its holdings in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company's stock valued at $271,000 after acquiring an additional 155 shares during the last quarter. GAMMA Investing LLC increased 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 valued at $34,000 after acquiring an additional 207 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Wyndham Hotels & Resorts by 0.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company's stock valued at $2,768,000 after acquiring an additional 338 shares during the last quarter. State of Michigan Retirement System increased its holdings in Wyndham Hotels & Resorts by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company's stock valued at $1,562,000 after acquiring an additional 400 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in Wyndham Hotels & Resorts by 3.1% in the 2nd quarter. iA Global Asset Management Inc. now owns 13,411 shares of the company's stock valued at $992,000 after acquiring an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Analysts Set New Price Targets
WH has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a "buy" rating and a $96.00 target price on the stock. Barclays upped their target price on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday. Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Friday. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird upped their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.00.
Read Our Latest Research Report on Wyndham Hotels & Resorts
Insiders Place Their Bets
In related 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 transaction of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares of the company's stock, valued at $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares of the company's stock, valued at $33,343,424.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares of the company's stock, valued at $823,661.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,040 shares of company stock worth $9,022,056 in the last three months. Corporate insiders own 2.79% of the company's stock.
Wyndham Hotels & Resorts Trading Down 0.0 %
Wyndham Hotels & Resorts stock traded down $0.01 during midday trading on Tuesday, reaching $89.26. The stock had a trading volume of 822,641 shares, compared to its average volume of 753,924. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $91.93. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.33. The company has a fifty day moving average of $79.84 and a 200 day moving average of $75.23.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the company posted $1.31 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.28 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid 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 yield of 1.70%. Wyndham Hotels & Resorts's dividend payout ratio is currently 48.25%.
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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