Coronation Fund Managers Ltd. Sells 12,647 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Coronation Fund Managers Ltd. decreased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,863 shares of the company’s stock after selling 12,647 shares during the period. Coronation Fund Managers Ltd. owned 0.18% of Wyndham Hotels & Resorts worth $10,276,000 at the end of the most recent quarter.

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

Wyndham Hotels & Resorts Trading Down 0.3 %

NYSE:WH opened at $77.91 on Wednesday. The company has a market cap of $6.15 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 2.80 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73. The business has a 50 day moving average price of $76.77 and a two-hundred day moving average price of $74.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business had revenue of $367.00 million during the quarter, compared to the consensus estimate of $370.58 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WH. Barclays raised their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 target price on the stock. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. Truist Financial reduced their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Stifel Nicolaus decreased their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.25.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the 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 $823,661.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is owned by corporate 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.