Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,946 shares of the company’s stock after selling 1,915 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Wyndham Hotels & Resorts were worth $2,262,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at approximately $30,000. Nomura Asset Management Co. Ltd. grew its stake in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the period. First Horizon Advisors Inc. increased its holdings in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares in the last quarter. Concord Wealth Partners raised its position in Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Wyndham Hotels & Resorts during the third quarter valued at $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock valued at $8,881,849 over the last quarter. 2.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WH shares. Barclays boosted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $103.00 target price on the stock. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Truist Financial increased their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Wyndham Hotels & Resorts Trading Down 1.5 %

Shares of WH stock opened at $103.30 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $105.16. The company’s 50-day moving average price is $92.76 and its 200-day moving average price is $81.37. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.42 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same period in the previous year, the business posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.38 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.47%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

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.