Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 34.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,139 shares of the company’s stock after selling 25,274 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Wyndham Hotels & Resorts worth $3,840,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning raised its stake in shares of Wyndham Hotels & Resorts by 11.1% during the 3rd quarter. Creative Planning now owns 12,959 shares of the company’s stock worth $1,013,000 after buying an additional 1,294 shares during the last quarter. CX Institutional raised its stake in Wyndham Hotels & Resorts by 12.3% in the 3rd quarter. CX Institutional now owns 12,286 shares of the company’s stock valued at $960,000 after purchasing an additional 1,342 shares during the last quarter. Peddock Capital Advisors LLC acquired a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at about $202,000. GAMMA Investing LLC raised its stake in Wyndham Hotels & Resorts by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 713 shares of the company’s stock valued at $56,000 after purchasing an additional 250 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Wyndham Hotels & Resorts by 45.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,900 shares of the company’s stock valued at $1,789,000 after purchasing an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Monica Melancon sold 5,040 shares of the company’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 sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction on 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 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,040 shares of company stock valued at $9,022,056. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WH shares. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target for the company. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $89.27 on Tuesday. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $91.93. The company has a market cap of $6.94 billion, a P/E ratio of 28.34, a PEG ratio of 2.69 and a beta of 1.33. The stock has a fifty day moving average price of $79.56 and a 200 day moving average price of $75.11. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter in the prior year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.28 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

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.