Amalgamated Bank Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Amalgamated Bank trimmed its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,672 shares of the company’s stock after selling 4,305 shares during the quarter. Amalgamated Bank owned approximately 0.06% of Wyndham Hotels & Resorts worth $3,380,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the period. Blue Trust Inc. raised its position in shares of Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after buying an additional 822 shares in the last quarter. Family Firm Inc. acquired a new stake in Wyndham Hotels & Resorts in the 2nd quarter worth about $67,000. Finally, International Assets Investment Management LLC purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

WH has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price on the stock. Susquehanna began coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 target price on the stock. Barclays increased their target price on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus lowered their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.25.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $79.35 on Tuesday. The company’s 50-day moving average is $76.20 and its two-hundred day moving average is $74.15. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.70 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, 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 transaction of $559,679.90. Following the completion of the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is currently owned by insiders.

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.