Pacer Advisors Inc. Acquires 3,348 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Pacer Advisors Inc. lifted its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 13.8% during the second quarter, HoldingsChannel reports. The firm owned 27,666 shares of the company’s stock after purchasing an additional 3,348 shares during the period. Pacer Advisors Inc.’s holdings in Wyndham Hotels & Resorts were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WH. GAMMA Investing LLC grew its stake in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. grew its stake in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in Wyndham Hotels & Resorts by 41,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after purchasing an additional 822 shares during the period. Family Firm Inc. purchased a new position in Wyndham Hotels & Resorts during the 2nd quarter worth $67,000. Finally, International Assets Investment Management LLC bought a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at $70,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

WH has been the topic of several research reports. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Truist Financial reduced their price target on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a report on Friday, July 26th. Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $90.25.

Wyndham Hotels & Resorts Stock Down 1.9 %

Wyndham Hotels & Resorts stock opened at $78.69 on Thursday. The business has a fifty day moving average price of $76.33 and a 200-day moving average price of $74.21. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.75 and a beta of 1.33. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. The business had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,640 shares of company stock worth $974,351. Company insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

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.