Thrivent Financial for Lutherans Purchases 980,848 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Thrivent Financial for Lutherans raised its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 377.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240,702 shares of the company’s stock after purchasing an additional 980,848 shares during the period. Thrivent Financial for Lutherans owned approximately 1.54% of Wyndham Hotels & Resorts worth $91,812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares during the last quarter. Blue Trust Inc. raised its stake in Wyndham Hotels & Resorts by 1,245.1% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after acquiring an additional 635 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after acquiring an additional 822 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at approximately $70,000. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WH. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Susquehanna started coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 price objective on the stock. Stifel Nicolaus lowered their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday. They set a “buy” rating and a $96.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Insider Activity

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

Wyndham Hotels & Resorts Stock Down 0.9 %

Shares of NYSE:WH opened at $79.40 on Friday. The firm has a market cap of $6.40 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.70 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 12-month low of $65.63 and a 12-month high of $81.73. The business has a fifty day simple moving average of $76.10 and a 200 day simple moving average of $74.13. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

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

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

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.