Algert Global LLC Sells 27,052 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Algert Global LLC lowered its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,126 shares of the company’s stock after selling 27,052 shares during the period. Algert Global LLC owned 0.11% of Wyndham Hotels & Resorts worth $6,373,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares during the period. Blue Trust Inc. lifted its holdings in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares during the period. TFO Wealth Partners LLC boosted its stake in Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares during the last quarter. Family Firm Inc. acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $67,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $70,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 over the last three months. Company insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $80.79 on Monday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. Wyndham Hotels & Resorts, Inc. has a 52-week low of $65.63 and a 52-week high of $81.73. The business has a 50 day simple moving average of $76.62 and a 200 day simple moving average of $74.20. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.80 and a beta of 1.33.

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

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 53.90%.

Wall Street Analysts Forecast Growth

WH has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. 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 report on Thursday, July 25th. Barclays increased their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Truist Financial cut their target price on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.25.

Wyndham Hotels & Resorts Company 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.