Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by TCW Group Inc.

TCW Group Inc. lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,549 shares of the company's stock after selling 9,468 shares during the quarter. TCW Group Inc. owned approximately 0.23% of Wyndham Hotels & Resorts worth $13,717,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. raised its holdings in Wyndham Hotels & Resorts by 70.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company's stock valued at $163,589,000 after acquiring an additional 916,742 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company's stock worth $136,533,000 after purchasing an additional 506,593 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Wyndham Hotels & Resorts by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company's stock valued at $91,609,000 after buying an additional 196,982 shares during the last quarter. Millennium Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 12.6% during the second quarter. Millennium Management LLC now owns 1,174,404 shares of the company's stock valued at $86,906,000 after acquiring an additional 131,848 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company's stock worth $56,423,000 after buying an additional 7,241 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

WH has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com raised shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial upped their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Oppenheimer increased 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 note on Tuesday, November 12th. Finally, Barclays raised their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.75.

Insider Activity

In related news, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock valued at $8,881,849 in the last 90 days. Company insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Stock Up 0.1 %

Shares of WH stock traded up $0.15 during midday trading on Thursday, reaching $104.01. 702,607 shares of the stock were exchanged, compared to its average volume of 750,243. The firm has a market cap of $8.09 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.37 and a beta of 1.32. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The company's 50 day moving average is $91.72 and its two-hundred day moving average is $80.71. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $105.12.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period in the previous year, the company posted $1.31 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts's payout ratio is 48.25%.

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.