GAMMA Investing LLC Raises Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

GAMMA Investing LLC lifted its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 54.0% in the third quarter, HoldingsChannel reports. The fund owned 713 shares of the company’s stock after buying an additional 250 shares during the period. GAMMA Investing LLC’s holdings in Wyndham Hotels & Resorts were worth $56,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its stake in Wyndham Hotels & Resorts by 45.9% in the third quarter. Handelsbanken Fonder AB now owns 22,900 shares of the company’s stock worth $1,789,000 after purchasing an additional 7,200 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Wyndham Hotels & Resorts by 80.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,489 shares of the company’s stock valued at $820,000 after acquiring an additional 4,676 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at about $214,000. Aristides Capital LLC boosted its holdings in Wyndham Hotels & Resorts by 48.5% during the 2nd quarter. Aristides Capital LLC now owns 11,278 shares of the company’s stock valued at $835,000 after acquiring an additional 3,682 shares during the period. Finally, Cetera Investment Advisers grew its position in Wyndham Hotels & Resorts by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 13,282 shares of the company’s stock worth $983,000 after acquiring an additional 558 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Up 0.8 %

NYSE:WH opened at $81.95 on Thursday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $6.47 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.82 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $82.71. The firm has a 50-day simple moving average of $77.80 and a two-hundred day simple moving average of $74.45.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The firm had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 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, September 27th. Shareholders of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.51%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts 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 completion of the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,640 shares of company stock worth $974,351. Insiders own 2.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on WH. StockNews.com cut shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Barclays upped their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.13.

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.