Summit Investment Advisors Inc. Sells 623 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Summit Investment Advisors Inc. reduced its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,581 shares of the company’s stock after selling 623 shares during the period. Summit Investment Advisors Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after acquiring an additional 1,328,292 shares in the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $104,774,000. JPMorgan Chase & Co. lifted its position in Wyndham Hotels & Resorts by 404.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock valued at $122,261,000 after purchasing an additional 972,708 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 74.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock worth $50,167,000 after buying an additional 213,052 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Wyndham Hotels & Resorts by 5.3% in the 4th quarter. Boston Partners now owns 3,853,527 shares of the company’s stock worth $388,462,000 after buying an additional 192,221 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $83.42 on Wednesday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The firm has a 50-day moving average of $96.18 and a two-hundred day moving average of $95.92. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.41 dividend. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts’s payout ratio is presently 45.18%.

Analyst Ratings Changes

WH has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Truist Financial dropped their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, March 24th. Wells Fargo & Company lifted their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Barclays increased their target price on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.67.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.