Peddock Capital Advisors LLC Buys New Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Peddock Capital Advisors LLC purchased a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,580 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its holdings in shares of Wyndham Hotels & Resorts by 40.1% during the 1st quarter. Retirement Systems of Alabama now owns 231,671 shares of the company’s stock valued at $17,781,000 after purchasing an additional 66,266 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth about $1,382,000. Van ECK Associates Corp bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter worth about $2,292,000. Hsbc Holdings PLC bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth about $1,425,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 41.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 899,282 shares of the company’s stock worth $72,311,000 after purchasing an additional 262,031 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock valued at $974,351 in the last ninety days. Insiders own 2.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WH. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, September 19th. Stifel Nicolaus reduced their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Truist Financial reduced their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock traded up $0.76 during mid-day trading on Wednesday, reaching $78.78. 52,831 shares of the company traded hands, compared to its average volume of 728,664. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $81.73. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.73 and a beta of 1.33. The firm’s fifty day moving average is $76.99 and its two-hundred day moving average is $74.24.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $370.58 million. During the same quarter in the prior year, the business posted $0.93 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm 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 1.93%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

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.