AlphaQuest LLC Trims Holdings in Wyndham Hotels & Resorts $WH

AlphaQuest LLC reduced its stake in Wyndham Hotels & Resorts (NYSE:WH) by 72.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,034 shares of the company’s stock after selling 8,019 shares during the quarter. AlphaQuest LLC’s holdings in Wyndham Hotels & Resorts were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WH. EverSource Wealth Advisors LLC boosted its position in shares of Wyndham Hotels & Resorts by 73.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 133 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Wyndham Hotels & Resorts by 5,950.0% during the second quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after purchasing an additional 357 shares during the period. Geneos Wealth Management Inc. raised its stake in Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after purchasing an additional 124 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Wyndham Hotels & Resorts by 88.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528 shares of the company’s stock valued at $43,000 after purchasing an additional 248 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at approximately $52,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Price Performance

WH opened at $80.22 on Wednesday. The stock’s 50-day moving average price is $76.72 and its 200 day moving average price is $79.20. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $113.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.17 and a beta of 0.76.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 37.70%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 28,134 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total value of $2,000,608.74. Following the completion of the transaction, the insider owned 40,363 shares in the company, valued at $2,870,212.93. The trade was a 41.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Paul F. Cash sold 36,379 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $71.66, for a total value of $2,606,919.14. Following the sale, the general counsel directly owned 39,123 shares in the company, valued at $2,803,554.18. This represents a 48.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 120,606 shares of company stock worth $9,047,218. Corporate insiders own 2.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on WH shares. Susquehanna reduced their price target on shares of Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Robert W. Baird cut their target price on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Stifel Nicolaus reduced their target price on Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Zacks Research upgraded Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $76.00 price objective (down from $88.00) on shares of Wyndham Hotels & Resorts in a research report on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.