Raymond James & Associates Lowers Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James & Associates trimmed its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,297 shares of the company’s stock after selling 3,366 shares during the quarter. Raymond James & Associates owned 0.09% of Wyndham Hotels & Resorts worth $5,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. TimesSquare Capital Management LLC bought a new stake in Wyndham Hotels & Resorts during the first quarter worth about $1,382,000. Van ECK Associates Corp bought a new position in shares of Wyndham Hotels & Resorts in the 1st quarter worth approximately $2,292,000. Hsbc Holdings PLC purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $1,425,000. Thrivent Financial for Lutherans grew its stake in shares of Wyndham Hotels & Resorts by 377.5% in the 2nd 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 last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Wyndham Hotels & Resorts by 19.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 58,453 shares of the company’s stock valued at $4,487,000 after purchasing an additional 9,325 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WH. Robert W. Baird raised their price target 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. Truist Financial raised their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock opened at $88.01 on Friday. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. The firm has a 50 day simple moving average of $80.51 and a 200-day simple moving average of $75.53. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $91.93.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same period last year, the business earned $1.31 EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 48.25%.

Insider Buying and Selling

In other news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of the 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 sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,040 shares of company stock valued at $9,022,056. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Company 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.