Sanctuary Advisors LLC Purchases New Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Sanctuary Advisors LLC acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,898 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares during the period. Blue Trust Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $67,000. International Assets Investment Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the second quarter worth about $70,000. Finally, Concord Wealth Partners grew its holdings in shares of Wyndham Hotels & Resorts by 70.8% during the first quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock worth $79,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on WH. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. Barclays increased their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial dropped their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus reduced their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Robert W. Baird set a $92.00 price target on shares of Wyndham Hotels & Resorts in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.63.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $82.72 on Monday. The firm’s fifty day simple moving average is $78.13 and its 200-day simple moving average is $74.56. 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 cap of $6.53 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $83.14.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results 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 company had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. Wyndham Hotels & Resorts’s payout ratio is 49.51%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the 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 sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,640 shares of company stock valued at $974,351. Insiders own 2.79% of the company’s stock.

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.