SG Americas Securities LLC Purchases New Stake in Wyndham Hotels & Resorts (NYSE:WH)

SG Americas Securities LLC purchased a new stake in Wyndham Hotels & Resorts (NYSE:WH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,465 shares of the company’s stock, valued at approximately $676,000.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Wyndham Hotels & Resorts by 22.0% in the first quarter. GAMMA Investing LLC now owns 1,383 shares of the company’s stock valued at $125,000 after acquiring an additional 249 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Wyndham Hotels & Resorts by 6,670.4% in the first quarter. Farther Finance Advisors LLC now owns 1,828 shares of the company’s stock valued at $166,000 after acquiring an additional 1,801 shares during the last quarter. Park Avenue Securities LLC bought a new position in Wyndham Hotels & Resorts in the first quarter valued at about $255,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in Wyndham Hotels & Resorts by 8.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,749 shares of the company’s stock valued at $430,000 after acquiring an additional 369 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Wyndham Hotels & Resorts by 102.3% in the first quarter. UMB Bank n.a. now owns 807 shares of the company’s stock valued at $73,000 after acquiring an additional 408 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total value of $2,292,117.48. Following the sale, the chief executive officer now owns 467,394 shares of the company’s stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.46% of the stock is owned by insiders.

Wyndham Hotels & Resorts Trading Down 0.5%

NYSE WH opened at $79.32 on Friday. The firm has a market cap of $6.11 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.62 and a beta of 0.99. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $83.75 and its 200-day moving average is $94.13. Wyndham Hotels & Resorts has a one year low of $70.08 and a one year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. Wyndham Hotels & Resorts’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 38.86%.

Analyst Ratings Changes

Several research firms have weighed in on WH. Susquehanna increased their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Barclays cut their target price on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Redburn Atlantic raised Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Monday, March 24th. Morgan Stanley cut their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial cut their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $108.48.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.