Victory Capital Management Inc. Cuts Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Victory Capital Management Inc. trimmed its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,468 shares of the company’s stock after selling 757 shares during the quarter. Victory Capital Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,219,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 41,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at about $67,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at about $70,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,640 shares of company stock worth $974,351. Company insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $80.11 on Friday. The firm’s 50 day moving average price is $75.85 and its 200-day moving average price is $74.07. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The stock has a market capitalization of $6.46 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.70 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday. They set a “buy” rating and a $96.00 price target on the stock. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial dropped their price target on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

Wyndham Hotels & Resorts 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.