Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 483.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,380 shares of the company’s stock after purchasing an additional 16,060 shares during the period. BNP Paribas Financial Markets’ holdings in Wyndham Hotels & Resorts were worth $1,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WH. Assetmark Inc. purchased a new position in Wyndham Hotels & Resorts during the 3rd quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in shares of Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the period. First Horizon Advisors Inc. grew its position in Wyndham Hotels & Resorts by 76.9% during the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Concord Wealth Partners lifted its position in Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $101.89 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market cap of $7.93 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. The stock’s 50-day moving average price is $89.76 and its two-hundred day moving average price is $79.94. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $103.17.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 earnings per share. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Insiders Place Their Bets

In other news, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This represents a 59.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,850 shares of company stock worth $8,881,849. Corporate insiders own 2.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WH. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research note on Thursday. They set an “equal weight” rating and a $103.00 price target for the company. Barclays upped their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Oppenheimer boosted their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.38.

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.