Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHFree Report) by 39.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,741 shares of the company’s stock after acquiring an additional 1,616 shares during the period. KBC Group NV’s holdings in Wyndham Hotels & Resorts were worth $462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 7.9% during the third quarter. Victory Capital Management Inc. now owns 15,472 shares of the company’s stock valued at $1,076,000 after acquiring an additional 1,134 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the third quarter worth approximately $394,000. Swiss National Bank raised its stake in Wyndham Hotels & Resorts by 0.6% in the 3rd quarter. Swiss National Bank now owns 188,800 shares of the company’s stock valued at $13,129,000 after purchasing an additional 1,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 661,266 shares of the company’s stock valued at $45,984,000 after purchasing an additional 3,459 shares in the last quarter. Finally, Pathstone Family Office LLC boosted its stake in Wyndham Hotels & Resorts by 67.7% during the 3rd quarter. Pathstone Family Office LLC now owns 5,993 shares of the company’s stock worth $417,000 after purchasing an additional 2,420 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, 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 value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The disclosure for this sale can be found here. Insiders have sold 210,133 shares of company stock valued at $15,383,027 over the last 90 days. 2.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WH shares. Barclays raised their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, StockNews.com started coverage on Wyndham Hotels & Resorts in a report on Thursday. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.17.

View Our Latest Research Report on Wyndham Hotels & Resorts

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $71.14 on Monday. The company has a 50-day moving average price of $71.76 and a 200 day moving average price of $76.20. Wyndham Hotels & Resorts, Inc. has a 12-month low of $65.54 and a 12-month high of $81.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. The stock has a market cap of $5.73 billion, a P/E ratio of 25.23, a PEG ratio of 2.48 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WHGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

About Wyndham Hotels & Resorts

(Free Report)

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.

See Also

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

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