WCM Investment Management LLC lifted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 322,363 shares of the company's stock after acquiring an additional 6,146 shares during the period. WCM Investment Management LLC owned 0.41% of Wyndham Hotels & Resorts worth $26,044,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Wyndham Hotels & Resorts by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company's stock valued at $637,875,000 after buying an additional 581,909 shares during the period. Capital Research Global Investors increased its stake in Wyndham Hotels & Resorts by 0.3% during the first quarter. Capital Research Global Investors now owns 7,192,076 shares of the company's stock worth $551,992,000 after purchasing an additional 23,549 shares during the period. Boston Partners increased its stake in Wyndham Hotels & Resorts by 15.4% during the first quarter. Boston Partners now owns 3,227,106 shares of the company's stock worth $247,646,000 after purchasing an additional 430,053 shares during the period. Burgundy Asset Management Ltd. increased its stake in Wyndham Hotels & Resorts by 70.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company's stock worth $163,589,000 after purchasing an additional 916,742 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Wyndham Hotels & Resorts by 377.5% during the second 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 during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
Insider Transactions at Wyndham Hotels & Resorts
In other news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction on 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 transaction, the insider now owns 26,062 shares of the company's stock, valued at $2,297,104.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott R. Strickland sold 2,850 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now owns 26,062 shares of the company's stock, valued at $2,297,104.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock valued at $9,273,255 in the last 90 days. 2.79% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
WH has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a "buy" rating and a $96.00 price objective for the company. Finally, Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.00.
View Our Latest Stock Analysis on WH
Wyndham Hotels & Resorts Stock Performance
Shares of NYSE WH traded up $1.22 during mid-day trading on Monday, hitting $97.14. 874,059 shares of the company were exchanged, compared to its average volume of 755,432. 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 stock has a 50 day simple moving average of $82.45 and a 200-day simple moving average of $76.54. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $97.64. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share 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 firm had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period last year, the company earned $1.31 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 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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