Allspring Global Investments Holdings LLC Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 28.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,413 shares of the company’s stock after selling 30,196 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of Wyndham Hotels & Resorts worth $5,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WH. International Assets Investment Management LLC grew its stake in shares of 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 worth $1,261,000 after acquiring an additional 15,485 shares in the last quarter. Victory Capital Management Inc. grew its stake in Wyndham Hotels & Resorts by 17.6% during the 4th quarter. Victory Capital Management Inc. now owns 18,188 shares of the company’s stock worth $1,462,000 after purchasing an additional 2,716 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Wyndham Hotels & Resorts by 6.7% during the 4th quarter. New York Life Investment Management LLC now owns 9,569 shares of the company’s stock worth $769,000 after purchasing an additional 598 shares during the period. Natixis Advisors L.P. acquired a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $809,000. Finally, Private Advisor Group LLC boosted its stake in shares of Wyndham Hotels & Resorts by 7.4% in the 4th quarter. Private Advisor Group LLC now owns 3,644 shares of the company’s stock valued at $293,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

WH stock opened at $78.70 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $6.34 billion, a P/E ratio of 27.91, a PEG ratio of 2.66 and a beta of 1.34. The business has a 50 day simple moving average of $74.62 and a 200-day simple moving average of $74.13. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. Wyndham Hotels & Resorts’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at approximately $315,006.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.79% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They set a “neutral” rating and a $80.00 target price on the stock. Truist Financial dropped their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus decreased their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $89.43.

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.