Oak Thistle LLC Sells 1,905 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Oak Thistle LLC lessened its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.1% during the first quarter, HoldingsChannel.com reports. The fund owned 6,348 shares of the company’s stock after selling 1,905 shares during the period. Oak Thistle LLC’s holdings in Wyndham Hotels & Resorts were worth $487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Benson Investment Management Company Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 0.7% in the 1st quarter. Benson Investment Management Company Inc. now owns 57,684 shares of the company’s stock worth $4,427,000 after buying an additional 414 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth $150,000. Nomura Holdings Inc. bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth $329,000. Quadrature Capital Ltd bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter worth $314,000. Finally, Wellington Management Group LLP increased its holdings in shares of Wyndham Hotels & Resorts by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after buying an additional 543,488 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 2.0 %

Shares of NYSE:WH traded down $1.45 on Monday, hitting $72.55. The company had a trading volume of 741,798 shares, compared to its average volume of 755,298. The firm’s 50-day simple moving average is $71.94 and its two-hundred day simple moving average is $75.60. Wyndham Hotels & Resorts, Inc. has a 1 year low of $65.63 and a 1 year high of $81.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.57 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The firm had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.38 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. Wyndham Hotels & Resorts’s dividend payout ratio is 53.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They set a “hold” rating on the stock. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 target price on the stock. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Barclays increased their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CFO Michele Allen sold 1,274 shares of Wyndham Hotels & Resorts stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $86,389.94. Following the completion of the transaction, the chief financial officer now directly owns 25,056 shares of the company’s stock, valued at approximately $1,699,047.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Michele Allen sold 1,274 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total value of $86,389.94. Following the completion of the sale, the chief financial officer now directly owns 25,056 shares in the company, valued at $1,699,047.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,933 shares of company stock valued at $15,130,227. Company insiders own 2.79% of the company’s stock.

About Wyndham Hotels & Resorts

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.