Perigon Wealth Management LLC Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by Defense World Staff on Mar 19th, 2023

Perigon Wealth Management LLC purchased a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,904 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in shares of Wyndham Hotels & Resorts during the third quarter worth about $1,472,000. Avantax Advisory Services Inc. acquired a new position in Wyndham Hotels & Resorts in the third quarter valued at approximately $243,000. Verition Fund Management LLC boosted its holdings in Wyndham Hotels & Resorts by 21.5% in the third quarter. Verition Fund Management LLC now owns 25,693 shares of the company’s stock valued at $1,576,000 after purchasing an additional 4,547 shares in the last quarter. Wade G W & Inc. boosted its holdings in Wyndham Hotels & Resorts by 10.3% in the second quarter. Wade G W & Inc. now owns 3,180 shares of the company’s stock valued at $209,000 after purchasing an additional 298 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in Wyndham Hotels & Resorts by 1,284.7% in the third quarter. Point72 Hong Kong Ltd now owns 9,790 shares of the company’s stock valued at $601,000 after purchasing an additional 9,083 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $66.47 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50 day simple moving average of $75.39 and a 200-day simple moving average of $71.29. Wyndham Hotels & Resorts, Inc. has a 12 month low of $58.81 and a 12 month high of $93.86. The stock has a market capitalization of $5.74 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. Wyndham Hotels & Resorts had a net margin of 23.70% and a return on equity of 33.61%. The company had revenue of $334.00 million during the quarter, compared to the consensus estimate of $324.33 million. During the same quarter in the prior year, the firm earned $0.69 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 14.8% on a year-over-year basis. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 3.98 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.32. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 35.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CMO Lisa Checchio sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $76.90, for a total value of $461,400.00. Following the completion of the sale, the chief marketing officer now owns 13,692 shares in the company, valued at approximately $1,052,914.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a report on Thursday. They issued a “hold” rating for the company. Morgan Stanley upped their price target on Wyndham Hotels & Resorts from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Truist Financial increased their price objective on Wyndham Hotels & Resorts from $95.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Robert W. Baird decreased their price objective on Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Thursday, March 9th. Finally, Redburn Partners assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, November 30th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Wyndham Hotels & Resorts Company Profile

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Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.