Verition Fund Management LLC Acquires 57,431 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Verition Fund Management LLC lifted its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 68.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,580 shares of the company's stock after purchasing an additional 57,431 shares during the quarter. Verition Fund Management LLC owned 0.18% of Wyndham Hotels & Resorts worth $11,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in shares of Wyndham Hotels & Resorts by 377.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company's stock worth $91,812,000 after purchasing an additional 980,848 shares in the last quarter. Burgundy Asset Management Ltd. increased 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 worth $163,589,000 after buying an additional 916,742 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 284,590.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company's stock valued at $22,246,000 after purchasing an additional 284,590 shares during the last quarter. Copeland Capital Management LLC raised its holdings in Wyndham Hotels & Resorts by 133.1% during the third quarter. Copeland Capital Management LLC now owns 409,324 shares of the company's stock valued at $31,985,000 after buying an additional 233,754 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Wyndham Hotels & Resorts by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company's stock valued at $91,609,000 after acquiring an additional 196,982 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on WH shares. The Goldman Sachs Group initiated 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 on the stock. Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Truist Financial lifted their price objective 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 lifted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.00.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 2,850 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the transaction, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is currently owned by insiders.

Wyndham Hotels & Resorts Price Performance

NYSE:WH traded up $0.57 during mid-day trading on Friday, reaching $98.18. 448,219 shares of the company were exchanged, compared to its average volume of 714,284. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $99.11. The stock has a market cap of $7.64 billion, a PE ratio of 31.17, a PEG ratio of 2.49 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The company has a fifty day moving average of $87.74 and a 200 day moving average of $78.85.

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 (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. On average, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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. The ex-dividend date is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.55%. Wyndham Hotels & Resorts's dividend payout ratio is currently 48.25%.

About Wyndham Hotels & Resorts

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.