New York State Common Retirement Fund Cuts Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

New York State Common Retirement Fund cut its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,758 shares of the company’s stock after selling 11,815 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Wyndham Hotels & Resorts worth $6,574,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WH. Wellington Management Group LLP lifted its position in Wyndham Hotels & Resorts by 150.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after acquiring an additional 3,002,259 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 55.2% during the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after purchasing an additional 475,682 shares in the last quarter. PointState Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts during the third quarter valued at $18,646,000. Deutsche Bank AG increased its holdings in Wyndham Hotels & Resorts by 146.4% in the 3rd quarter. Deutsche Bank AG now owns 301,159 shares of the company’s stock worth $20,943,000 after buying an additional 178,948 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its position in Wyndham Hotels & Resorts by 169.0% in the 3rd quarter. Tudor Investment Corp Et Al now owns 130,868 shares of the company’s stock worth $9,101,000 after buying an additional 82,215 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of WH stock opened at $73.21 on Friday. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.57 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 1 year low of $63.69 and a 1 year high of $81.73. The firm has a fifty day moving average price of $74.80 and a 200-day moving average price of $76.88.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WH. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays lifted their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, StockNews.com started coverage on Wyndham Hotels & Resorts in a report on Saturday, April 27th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.17.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The disclosure for this sale can be found here. 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.