Wyndham Hotels & Resorts, Inc. (NYSE:WH) Position Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,405 shares of the company’s stock after selling 2,999 shares during the period. New York State Teachers Retirement System owned about 0.15% of Wyndham Hotels & Resorts worth $8,062,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of WH. Raymond James Financial Services Advisors Inc. lifted its position in shares of Wyndham Hotels & Resorts by 2.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock worth $646,000 after purchasing an additional 157 shares during the last quarter. HighTower Advisors LLC raised its stake in Wyndham Hotels & Resorts by 5.4% during the first quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock worth $558,000 after acquiring an additional 340 shares during the period. Citigroup Inc. raised its stake in Wyndham Hotels & Resorts by 7.8% during the first quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock worth $3,268,000 after acquiring an additional 2,783 shares during the period. Panagora Asset Management Inc. acquired a new stake in Wyndham Hotels & Resorts during the first quarter worth about $1,358,000. Finally, APG Asset Management N.V. acquired a new stake in Wyndham Hotels & Resorts during the first quarter worth about $723,000. Institutional investors own 91.13% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the topic of several research reports. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, December 5th. They set an “overweight” rating and a $87.00 price objective on the stock. Barclays upgraded shares of Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $88.00 in a research note on Thursday, December 15th. TheStreet upgraded shares of Wyndham Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, November 16th. Finally, Redburn Partners assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, November 30th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $87.13.

Insider Activity at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $74.07, for a total transaction of $116,660.25. Following the transaction, the insider now owns 12,127 shares in the company, valued at $898,246.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michele Allen sold 14,940 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $71.34, for a total transaction of $1,065,819.60. Following the completion of the sale, the chief financial officer now directly owns 65,452 shares in the company, valued at $4,669,345.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott R. Strickland sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $74.07, for a total transaction of $116,660.25. Following the sale, the insider now owns 12,127 shares of the company’s stock, valued at $898,246.89. The disclosure for this sale can be found here. Insiders have sold 28,652 shares of company stock worth $2,078,910 over the last quarter. 1.91% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE:WH opened at $73.63 on Friday. The firm’s 50 day moving average is $71.64 and its two-hundred day moving average is $68.95. Wyndham Hotels & Resorts, Inc. has a 52 week low of $58.81 and a 52 week high of $93.86. The firm has a market capitalization of $6.50 billion, a P/E ratio of 19.43, a PEG ratio of 2.30 and a beta of 1.42. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.95.

Wyndham Hotels & Resorts (NYSE:WHGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. Wyndham Hotels & Resorts had a net margin of 22.30% and a return on equity of 32.64%. The company had revenue of $407.00 million for the quarter, compared to analyst estimates of $379.15 million. Analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 3.87 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 33.77%.

Wyndham Hotels & Resorts Profile

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Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

See Also

Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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