Coronation Fund Managers Ltd. Sells 12,647 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Coronation Fund Managers Ltd. lowered its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 8.3% in the second quarter, Holdings Channel reports. The institutional investor owned 138,863 shares of the company’s stock after selling 12,647 shares during the period. Coronation Fund Managers Ltd.’s holdings in Wyndham Hotels & Resorts were worth $10,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised 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. Blue Trust Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares during the period. TFO Wealth Partners LLC raised its holdings in Wyndham Hotels & Resorts by 41,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after acquiring an additional 822 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $67,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $70,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WH shares. Stifel Nicolaus dropped their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays raised their target price on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 price target for the company. 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 objective on the stock. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.25.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction 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 owns 4,107 shares in the company, valued at $315,006.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock was 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 in the company, valued at $823,661.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction 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 completion of the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. 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. 2.79% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Stock Down 0.3 %

Shares of WH opened at $77.91 on Wednesday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. Wyndham Hotels & Resorts, Inc. has a 52 week low of $65.63 and a 52 week high of $81.73. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.80 and a beta of 1.33. The stock has a fifty day moving average of $76.77 and a 200-day moving average of $74.20.

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

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Wyndham Hotels & Resorts 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.