Fisher Asset Management LLC Buys New Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Fisher Asset Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,489 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares during the period. Natixis Advisors LLC raised its stake in Wyndham Hotels & Resorts by 37.7% in the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after buying an additional 9,463 shares during the period. Impax Asset Management Group plc lifted its position in shares of Wyndham Hotels & Resorts by 35.0% in the third quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after buying an additional 35,000 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Wyndham Hotels & Resorts during the 3rd quarter worth approximately $680,000. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Wyndham Hotels & Resorts by 221.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock worth $11,584,000 after acquiring an additional 102,115 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WH shares. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Oppenheimer upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. 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 note on Friday, October 25th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Wyndham Hotels & Resorts Stock Performance

WH stock opened at $98.18 on Monday. The firm has a market cap of $7.64 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a 50-day moving average price of $87.74 and a 200-day moving average price of $78.85. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $99.11.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same quarter last year, the firm posted $1.31 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.38 dividend. 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 payout ratio is currently 48.25%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CFO Michele Allen sold 15,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of 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 59.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was 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 of the company’s stock, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,890 shares of company stock worth $9,273,255. 2.79% of the stock is owned by corporate insiders.

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.