23,300 Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 23,300 shares of the company’s stock, valued at approximately $1,874,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC grew its stake in Wyndham Hotels & Resorts by 2.6% during the 4th quarter. WCM Investment Management LLC now owns 351,546 shares of the company’s stock worth $28,426,000 after buying an additional 9,026 shares during the last quarter. Round Rock Advisors LLC bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth $1,079,000. International Assets Investment Management LLC grew its stake in Wyndham Hotels & Resorts by 7,941.0% during the 4th quarter. International Assets Investment Management LLC now owns 15,680 shares of the company’s stock worth $1,261,000 after buying an additional 15,485 shares during the last quarter. Venture Visionary Partners LLC bought a new position in Wyndham Hotels & Resorts during the 4th quarter worth $231,000. Finally, Allworth Financial LP grew its stake in shares of Wyndham Hotels & Resorts by 62.6% in the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Wyndham Hotels & Resorts in a research note on Friday. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Wyndham Hotels & Resorts Trading Down 0.2 %

Shares of WH stock opened at $69.31 on Friday. The stock has a 50-day simple moving average of $76.26 and a 200 day simple moving average of $76.52. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The stock has a market capitalization of $5.61 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.16 and a beta of 1.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The business had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $321.35 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.22 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

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

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at $900,916. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.79% of the stock is currently owned by company insiders.

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.