Barclays PLC reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,806 shares of the company's stock after selling 22,914 shares during the period. Barclays PLC owned about 0.13% of Wyndham Hotels & Resorts worth $7,642,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts during the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. increased its stake 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 buying an additional 190 shares during the period. First Horizon Advisors Inc. raised its position in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock worth $36,000 after acquiring an additional 203 shares during the last quarter. Concord Wealth Partners lifted its stake 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 worth $42,000 after acquiring an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Wyndham Hotels & Resorts in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Wall Street Analyst Weigh In
WH has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price target 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. Oppenheimer lifted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $105.56.
Read Our Latest Analysis on WH
Wyndham Hotels & Resorts Stock Up 1.3 %
Shares of WH traded up $1.27 during trading hours on Thursday, hitting $99.71. The stock had a trading volume of 844,353 shares, compared to its average volume of 751,903. The firm has a 50 day simple moving average of $94.05 and a 200-day simple moving average of $81.85. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $105.16. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $7.76 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $408.32 million. During the same quarter last year, the firm posted $1.31 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.52%. Wyndham Hotels & Resorts's dividend payout ratio is presently 48.25%.
Insider Activity at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of the company's stock in a transaction dated Friday, October 25th. The shares were 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 directly owns 10,056 shares of the company's stock, valued at approximately $904,939.44. This represents a 59.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares in the company, valued at approximately $33,343,424.71. This represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,850 shares of company stock valued at $8,881,849. 2.79% of the stock is owned by corporate insiders.
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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