Victory Capital Management Inc. Sells 1,346 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Victory Capital Management Inc. lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,122 shares of the company’s stock after selling 1,346 shares during the period. Victory Capital Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,182,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WH. Crossmark Global Holdings Inc. lifted its position in shares of Wyndham Hotels & Resorts by 2.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock worth $443,000 after buying an additional 147 shares in the last quarter. PFG Investments LLC grew its stake in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after purchasing an additional 155 shares during the period. Equitable Trust Co. increased its position in shares of Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after purchasing an additional 174 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after buying an additional 175 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $34,000 after buying an additional 207 shares during the period. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Trading Up 0.3 %

Shares of WH opened at $98.03 on Wednesday. The business’s 50-day moving average price is $86.25 and its 200-day moving average price is $78.16. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $98.80. The stock has a market cap of $7.63 billion, a PE ratio of 31.31, a P/E/G ratio of 2.45 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Monica Melancon sold 5,040 shares of the business’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 completion of the sale, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 32.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,890 shares of company stock worth $9,273,255 in the last ninety days. 2.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WH. Oppenheimer boosted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial increased their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

About Wyndham Hotels & Resorts

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.