Quantbot Technologies LP acquired a new position in Wyndham Hotels & Resorts (NYSE:WH – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,432 shares of the company’s stock, valued at approximately $1,047,000.
Several other hedge funds also recently modified their holdings of WH. EverSource Wealth Advisors LLC raised its position in Wyndham Hotels & Resorts by 73.5% in the 2nd 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. Los Angeles Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth $27,000. Geneos Wealth Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Wyndham Hotels & Resorts during the second quarter valued at about $52,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Trading Up 1.2%
Shares of Wyndham Hotels & Resorts stock opened at $76.78 on Thursday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.96 and a beta of 0.63. Wyndham Hotels & Resorts has a 52-week low of $69.21 and a 52-week high of $90.35. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $77.89 and its 200 day simple moving average is $80.01.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Wyndham Hotels & Resorts’s payout ratio is currently 63.24%.
Insider Transactions at Wyndham Hotels & Resorts
In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 19,414 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the sale, the chief executive officer owned 549,323 shares of the company’s stock, valued at $39,941,275.33. The trade was a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on WH shares. Wells Fargo & Company increased their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Stifel Nicolaus set a $98.00 price target on Wyndham Hotels & Resorts in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, July 8th. Susquehanna reduced their price objective on Wyndham Hotels & Resorts from $90.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered their target price on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $95.91.
View Our Latest Research Report on Wyndham Hotels & Resorts
Wyndham Hotels & Resorts Company 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.
Further Reading
- Five stocks we like better than Wyndham Hotels & Resorts
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
