Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,692 shares of the company’s stock after selling 2,733 shares during the period. HighTower Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $683,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts in the third quarter worth $30,000. First Horizon Advisors Inc. increased its stake in shares of Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Concord Wealth Partners raised its stake in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at about $49,000. Finally, Blue Trust Inc. boosted its holdings 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 buying an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $99.71 on Friday. The stock has a market cap of $7.76 billion, a PE ratio of 31.65, a P/E/G ratio of 2.42 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, Inc. has a 52-week low of $67.67 and a 52-week high of $105.16. The firm has a 50-day moving average of $94.05 and a 200-day moving average of $81.85.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

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

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,850 shares of company stock valued at $8,881,849. Corporate insiders own 2.79% of the company’s stock.

Wall Street Analysts Forecast Growth

WH has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays raised their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three investment 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

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.