AlphaQuest LLC Cuts Stock Position in Wyndham Hotels & Resorts $WH

AlphaQuest LLC lessened its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 72.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,034 shares of the company’s stock after selling 8,019 shares during the quarter. AlphaQuest LLC’s holdings in Wyndham Hotels & Resorts were worth $242,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WH. Sequoia Financial Advisors LLC increased its position in shares of Wyndham Hotels & Resorts by 1.4% during the second quarter. Sequoia Financial Advisors LLC now owns 8,283 shares of the company’s stock worth $673,000 after purchasing an additional 118 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Wyndham Hotels & Resorts by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after buying an additional 124 shares during the last quarter. Claret Asset Management Corp grew its stake in Wyndham Hotels & Resorts by 4.6% during the 2nd quarter. Claret Asset Management Corp now owns 2,842 shares of the company’s stock worth $231,000 after buying an additional 125 shares during the last quarter. Keystone Financial Services increased its position in Wyndham Hotels & Resorts by 5.1% during the 2nd quarter. Keystone Financial Services now owns 2,679 shares of the company’s stock valued at $218,000 after buying an additional 129 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Wyndham Hotels & Resorts by 73.5% in the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WH shares. The Goldman Sachs Group restated a “neutral” rating and set a $76.00 price objective (down previously from $88.00) on shares of Wyndham Hotels & Resorts in a report on Monday, December 15th. Truist Financial boosted their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company began coverage on shares of Wyndham Hotels & Resorts in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $82.00 price target for the company. Wall Street Zen downgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. cut their target price on Wyndham Hotels & Resorts from $95.00 to $91.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $92.83.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 55,124 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the transaction, the chief executive officer owned 490,028 shares in the company, valued at approximately $38,844,519.56. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Paul F. Cash sold 36,379 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $71.66, for a total value of $2,606,919.14. Following the transaction, the general counsel directly owned 39,123 shares of the company’s stock, valued at approximately $2,803,554.18. The trade was a 48.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 120,606 shares of company stock valued at $9,047,218. 2.46% of the stock is owned by company insiders.

Wyndham Hotels & Resorts Stock Performance

WH opened at $80.22 on Wednesday. The firm has a fifty day moving average price of $76.72 and a 200 day moving average price of $79.20. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07. The stock has a market cap of $6.06 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.17 and a beta of 0.76. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, December 15th. Wyndham Hotels & Resorts’s payout ratio is currently 37.70%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.