AGF Management Ltd. Sells 55,902 Shares of Wyndham Hotels & Resorts $WH

AGF Management Ltd. reduced its stake in Wyndham Hotels & Resorts (NYSE:WH) by 41.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,379 shares of the company’s stock after selling 55,902 shares during the quarter. AGF Management Ltd. owned about 0.10% of Wyndham Hotels & Resorts worth $6,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Wyndham Hotels & Resorts by 73.5% during the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 133 shares during the period. Hantz Financial Services Inc. grew its holdings in Wyndham Hotels & Resorts by 5,950.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock valued at $29,000 after buying an additional 357 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 88.6% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528 shares of the company’s stock worth $43,000 after buying an additional 248 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $52,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WH shares. Stifel Nicolaus lowered their price target on shares of Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Zacks Research raised shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Barclays dropped their price target on shares of Wyndham Hotels & Resorts from $94.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Morgan Stanley reduced their price target on Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Insider Transactions at Wyndham Hotels & Resorts

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

Wyndham Hotels & Resorts Trading Down 0.4%

Shares of WH opened at $72.14 on Wednesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.16 and a current ratio of 1.16. Wyndham Hotels & Resorts has a 52-week low of $69.21 and a 52-week high of $113.07. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.91 and a beta of 0.76. The business’s fifty day moving average is $76.34 and its 200-day moving average is $79.59.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.64 annualized dividend and a yield of 2.3%. Wyndham Hotels & Resorts’s payout ratio is presently 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.