Barclays PLC trimmed its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 44.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 457,774 shares of the company’s stock after selling 373,021 shares during the quarter. Barclays PLC owned approximately 0.53% of Wyndham Hotels & Resorts worth $31,059,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in Wyndham Hotels & Resorts by 367.1% in the fourth quarter. Bank of America Corp DE now owns 1,358,213 shares of the company’s stock worth $96,854,000 after purchasing an additional 1,067,435 shares in the last quarter. Morgan Stanley increased its holdings in Wyndham Hotels & Resorts by 170.2% in the fourth quarter. Morgan Stanley now owns 1,472,876 shares of the company’s stock worth $105,031,000 after purchasing an additional 927,864 shares in the last quarter. Norges Bank bought a new stake in Wyndham Hotels & Resorts in the fourth quarter worth approximately $63,560,000. Deutsche Bank AG increased its holdings in Wyndham Hotels & Resorts by 1,549.5% in the fourth quarter. Deutsche Bank AG now owns 405,644 shares of the company’s stock worth $28,926,000 after purchasing an additional 381,052 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Wyndham Hotels & Resorts by 53.3% in the fourth quarter. Renaissance Technologies LLC now owns 818,600 shares of the company’s stock worth $58,374,000 after purchasing an additional 284,700 shares in the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $73.72, for a total value of $589,760.00. Following the transaction, the chief accounting officer now owns 5,741 shares of the company’s stock, valued at $423,226.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.29% of the company’s stock.
Wyndham Hotels & Resorts Trading Down 0.6 %
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. Wyndham Hotels & Resorts had a return on equity of 34.12% and a net margin of 20.76%. The business had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $365.81 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.40 annualized dividend and a yield of 1.86%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 41.79%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on WH shares. TheStreet upgraded Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Stifel Nicolaus decreased their price objective on Wyndham Hotels & Resorts from $87.00 to $81.00 in a report on Thursday, April 27th. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a report on Thursday, May 18th. They set a “hold” rating for the company. Barclays decreased their price objective on Wyndham Hotels & Resorts from $89.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, April 21st. Finally, Oppenheimer decreased their price objective on Wyndham Hotels & Resorts from $100.00 to $90.00 in a report on Thursday, April 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.57.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.
Featured Articles
- Five stocks we like better than Wyndham Hotels & Resorts
- Basic Materials Stocks Investing
- 3 Best Meme ETFs to Buy Now
- The How and Why of Investing in Large-Cap Stocks
- XPO Keeps Reaching New Highs: Markets Love the Stock
- Are Stock Buybacks Good for the Average Investor?
- Starbucks Market at a Turning Point: Is a Breakout Imminent?
Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report).
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
