State Treasurer State of Michigan lowered its position in Wyndham Hotels & Resorts Inc (NYSE:WH) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,837 shares of the company’s stock after selling 6,100 shares during the period. State Treasurer State of Michigan’s holdings in Wyndham Hotels & Resorts were worth $1,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WH. Dimensional Fund Advisors LP increased its position in shares of Wyndham Hotels & Resorts by 30.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 788,405 shares of the company’s stock valued at $35,770,000 after buying an additional 184,018 shares in the last quarter. Boston Partners increased its position in shares of Wyndham Hotels & Resorts by 2.9% in the 1st quarter. Boston Partners now owns 5,715,052 shares of the company’s stock valued at $285,695,000 after buying an additional 163,327 shares in the last quarter. Jackson Square Partners LLC increased its position in shares of Wyndham Hotels & Resorts by 7.2% in the 1st quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock valued at $103,301,000 after buying an additional 139,472 shares in the last quarter. HGI Capital Management LLC bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at $6,771,000. Finally, Coronation Fund Managers Ltd. bought a new stake in shares of Wyndham Hotels & Resorts in the 1st quarter valued at $6,441,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

In other news, EVP Michele Allen sold 4,475 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $56.12, for a total transaction of $251,137.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicola Rossi sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $55.46, for a total transaction of $83,190.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,975 shares of company stock valued at $891,527. Company insiders own 1.90% of the company’s stock.

WH stock traded down $0.40 during trading hours on Tuesday, reaching $53.35. 30,310 shares of the stock were exchanged, compared to its average volume of 948,143. The firm’s 50-day simple moving average is $57.64. The company has a market cap of $5.26 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.24 and a current ratio of 1.24. Wyndham Hotels & Resorts Inc has a 12 month low of $43.03 and a 12 month high of $61.49.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Equities analysts expect that Wyndham Hotels & Resorts Inc will post 3.21 earnings per share for the current year.

A number of analysts recently commented on WH shares. Bank of America started coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They issued a “buy” rating and a $62.00 price objective for the company. Zacks Investment Research cut Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Barclays initiated coverage on Wyndham Hotels & Resorts in a report on Tuesday, July 2nd. They set an “overweight” rating and a $72.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $67.71.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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