Intech Investment Management LLC Boosts Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Intech Investment Management LLC grew its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 87.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,901 shares of the company’s stock after buying an additional 2,749 shares during the quarter. Intech Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $461,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in shares of Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares in the last quarter. Natixis Advisors LLC increased its holdings in Wyndham Hotels & Resorts by 37.7% in the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after buying an additional 9,463 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock worth $10,549,000 after acquiring an additional 35,000 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter worth approximately $680,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 221.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock worth $11,584,000 after acquiring an additional 102,115 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 10,056 shares in the company, valued at $904,939.44. The trade was a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,890 shares of company stock worth $9,273,255 in the last three months. Insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

WH stock opened at $97.99 on Tuesday. The firm has a 50 day simple moving average of $87.74 and a 200 day simple moving average of $78.91. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $99.11. The stock has a market cap of $7.62 billion, a P/E ratio of 31.11, a P/E/G ratio of 2.49 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share 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 firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the previous year, the company earned $1.31 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is currently 48.25%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WH. Truist Financial raised their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price for the company. Oppenheimer upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Robert W. Baird increased their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

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.