Everence Capital Management Inc. purchased a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,270 shares of the company’s stock, valued at approximately $229,000.
A number of other large investors have also made changes to their positions in WH. Thrivent Financial for Lutherans grew its position in Wyndham Hotels & Resorts by 377.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock worth $91,812,000 after buying an additional 980,848 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 70.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after acquiring an additional 916,742 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 284,590.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company’s stock worth $22,246,000 after acquiring an additional 284,590 shares during the period. Copeland Capital Management LLC increased its stake in Wyndham Hotels & Resorts by 133.1% in the 3rd quarter. Copeland Capital Management LLC now owns 409,324 shares of the company’s stock valued at $31,985,000 after purchasing an additional 233,754 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Wyndham Hotels & Resorts by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock worth $91,609,000 after purchasing an additional 196,982 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, 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 97,850 shares of company stock worth $8,881,849 over the last quarter. 2.79% of the stock is owned by corporate insiders.
Wyndham Hotels & Resorts Price Performance
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last released its quarterly earnings data 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. The company had revenue of $396.00 million during 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%. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.
Wyndham Hotels & Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.
Wall Street Analyst Weigh In
Several analysts have weighed in on WH shares. Wells Fargo & Company assumed coverage on Wyndham Hotels & Resorts in a report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $107.00.
Get Our Latest Research Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Profile
Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.
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