Wyndham Hotels & Resorts, Inc. (NYSE:WH) Short Interest Down 31.4% in November

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,380,000 shares, a drop of 31.4% from the October 31st total of 3,470,000 shares. Based on an average trading volume of 731,300 shares, the short-interest ratio is presently 3.3 days. Currently, 3.1% of the shares of the company are short sold.

Wyndham Hotels & Resorts Trading Up 0.6 %

NYSE WH traded up $0.57 on Friday, hitting $98.18. 448,219 shares of the stock were exchanged, compared to its average volume of 714,284. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $87.74 and a two-hundred day moving average price of $78.80. The firm has a market capitalization of $7.64 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.48 and a beta of 1.31. Wyndham Hotels & Resorts has a 52-week low of $67.67 and a 52-week high of $99.11.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. Research analysts forecast that Wyndham Hotels & Resorts will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 48.25%.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts 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 sale, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,890 shares of company stock worth $9,273,255. Company insiders own 2.79% of the company's stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of large investors have recently made changes to their positions in WH. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at about $30,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company's stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock valued at $36,000 after acquiring an additional 203 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third 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. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WH has been the topic of several recent analyst reports. Oppenheimer lifted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a "buy" rating and a $96.00 target price for the company. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

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.