First Horizon Advisors Inc. Boosts Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 76.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 467 shares of the company’s stock after acquiring an additional 203 shares during the quarter. First Horizon Advisors Inc.’s holdings in Wyndham Hotels & Resorts were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in Wyndham Hotels & Resorts by 2.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after buying an additional 147 shares in the last quarter. PFG Investments LLC grew its stake in Wyndham Hotels & Resorts by 4.4% during the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after acquiring an additional 155 shares in the last quarter. Equitable Trust Co. increased its holdings in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock worth $716,000 after acquiring an additional 174 shares during the period. State of Alaska Department of Revenue lifted its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after purchasing an additional 175 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares during the period. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $97.69 on Tuesday. The stock’s 50-day moving average is $86.25 and its 200 day moving average is $78.16. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 2.45 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $98.73. 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 (NYSE:WH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping 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 firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period last year, the firm posted $1.31 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.56%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays upped their target price on 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 raised their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $97.86.

Insider Activity

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction 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 sale, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were 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. The trade was a 59.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is currently owned by insiders.

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.