StockNews.com Initiates Coverage on Wyndham Hotels & Resorts (NYSE:WH)

StockNews.com started coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report issued on Sunday. The firm set a “hold” rating on the stock.

A number of other research firms also recently issued reports on WH. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.17.

Wyndham Hotels & Resorts Trading Down 0.9 %

NYSE:WH opened at $73.25 on Friday. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.57 and a beta of 1.33. Wyndham Hotels & Resorts has a 1 year low of $63.69 and a 1 year high of $81.73. The stock has a fifty day moving average price of $74.80 and a two-hundred day moving average price of $76.89. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $308.24 million. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now directly owns 377,712 shares in the company, valued at $27,708,952.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now directly owns 11,404 shares in the company, valued at approximately $900,916. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors increased its position in Wyndham Hotels & Resorts by 3.2% during the fourth quarter. Capital Research Global Investors now owns 7,168,527 shares of the company’s stock worth $576,421,000 after purchasing an additional 220,737 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Wyndham Hotels & Resorts by 10.9% during the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after buying an additional 543,488 shares during the last quarter. FMR LLC raised its position in shares of Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. FMR LLC now owns 2,492,340 shares of the company’s stock worth $173,317,000 after buying an additional 64,925 shares during the period. Invesco Ltd. boosted its holdings in Wyndham Hotels & Resorts by 55.2% in the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after acquiring an additional 475,682 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its holdings in Wyndham Hotels & Resorts by 3.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,276,150 shares of the company’s stock valued at $102,615,000 after acquiring an additional 45,062 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.