Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,010 shares of the company’s stock after selling 4,573 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Wyndham Hotels & Resorts were worth $7,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Wyndham Hotels & Resorts by 7,941.0% in the fourth quarter. International Assets Investment Management LLC now owns 15,680 shares of the company’s stock valued at $1,261,000 after purchasing an additional 15,485 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $231,000. Allworth Financial LP boosted its stake in shares of Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after buying an additional 152 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $322,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth $47,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday, April 11th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $69.47 on Thursday. The stock has a market capitalization of $5.63 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The business’s fifty day moving average price is $76.45 and its 200 day moving average price is $76.57. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. Wyndham Hotels & Resorts, Inc. has a 12-month low of $63.69 and a 12-month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The company had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $321.35 million. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.22 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.19%. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. Wyndham Hotels & Resorts’s payout ratio is currently 44.71%.

Wyndham Hotels & Resorts 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.