Tributary Capital Management LLC Sells 1,640 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Tributary Capital Management LLC lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,060 shares of the company’s stock after selling 1,640 shares during the period. Tributary Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $465,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Capital Research Global Investors lifted its stake in Wyndham Hotels & Resorts by 3.2% during the fourth quarter. Capital Research Global Investors now owns 7,168,527 shares of the company’s stock worth $576,421,000 after purchasing an additional 220,737 shares during the period. Wellington Management Group LLP lifted its stake in Wyndham Hotels & Resorts by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after purchasing an additional 543,488 shares during the period. Burgundy Asset Management Ltd. lifted its stake in Wyndham Hotels & Resorts by 3.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock worth $102,615,000 after purchasing an additional 45,062 shares during the period. Balyasny Asset Management L.P. lifted its stake in Wyndham Hotels & Resorts by 219.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after purchasing an additional 740,992 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Wyndham Hotels & Resorts by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 999,921 shares of the company’s stock valued at $80,406,000 after acquiring an additional 84,888 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at approximately $27,708,952.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares in the company, valued at approximately $27,708,952.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michele Allen sold 1,264 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $69.46, for a total transaction of $87,797.44. Following the transaction, the chief financial officer now owns 24,997 shares in the company, valued at approximately $1,736,291.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,933 shares of company stock worth $15,130,227. Insiders own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Susquehanna began coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They issued a “hold” rating for the company. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Wyndham Hotels & Resorts Trading Up 0.5 %

Shares of NYSE:WH opened at $72.89 on Wednesday. The stock has a market capitalization of $5.87 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.34. The company’s 50-day moving average price is $71.97 and its two-hundred day moving average price is $75.56. Wyndham Hotels & Resorts, Inc. has a one year low of $65.63 and a one year high of $81.73. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

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.