Louisiana State Employees Retirement System Sells 900 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Louisiana State Employees Retirement System lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,900 shares of the company’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Wyndham Hotels & Resorts were worth $1,711,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. PFG Investments LLC boosted its holdings in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after buying an additional 155 shares during the period. GAMMA Investing LLC lifted 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 purchasing an additional 207 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Wyndham Hotels & Resorts by 0.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 37,401 shares of the company’s stock worth $2,768,000 after purchasing an additional 338 shares in the last quarter. State of Michigan Retirement System lifted its stake in Wyndham Hotels & Resorts by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock worth $1,562,000 after purchasing an additional 400 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in Wyndham Hotels & Resorts by 3.1% in the 2nd quarter. iA Global Asset Management Inc. now owns 13,411 shares of the company’s stock worth $992,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 0.4 %

Shares of NYSE WH opened at $88.95 on Thursday. The firm’s 50-day moving average price is $80.08 and its 200-day moving average price is $75.32. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 2.69 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $91.93.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.28 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.71%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target on the stock. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Insider Activity at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,040 shares of company stock worth $9,022,056. 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.