Sei Investments Co. lifted its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 59.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 182,710 shares of the company’s stock after acquiring an additional 68,416 shares during the period. Sei Investments Co.’s holdings in Wyndham Hotels & Resorts were worth $14,841,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter worth about $219,462,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Wyndham Hotels & Resorts by 177.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 18,926 shares of the company’s stock valued at $1,537,000 after buying an additional 12,098 shares during the period. Aberdeen Group plc grew its stake in shares of Wyndham Hotels & Resorts by 16.6% during the fourth quarter. Aberdeen Group plc now owns 197,477 shares of the company’s stock valued at $14,921,000 after buying an additional 28,077 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Wyndham Hotels & Resorts by 11.4% in the fourth quarter. TD Asset Management Inc now owns 274,576 shares of the company’s stock worth $20,747,000 after buying an additional 28,192 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth approximately $21,109,000. 93.46% of the stock is owned by institutional investors.
Wyndham Hotels & Resorts Trading Up 0.7%
NYSE WH opened at $76.12 on Friday. Wyndham Hotels & Resorts has a one year low of $69.21 and a one year high of $91.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.62. The company’s 50-day simple moving average is $80.19 and its two-hundred day simple moving average is $80.31.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, June 15th. Wyndham Hotels & Resorts’s payout ratio is 63.24%.
Insider Buying and Selling
In related news, CEO Geoffrey A. Ballotti sold 18,516 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $80.79, for a total transaction of $1,495,907.64. Following the transaction, the chief executive officer directly owned 548,308 shares in the company, valued at $44,297,803.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.33% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
WH has been the topic of a number of recent analyst reports. Susquehanna reduced their target price on Wyndham Hotels & Resorts from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company upped their price target on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays decreased their price objective on shares of Wyndham Hotels & Resorts from $104.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, July 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Thursday, July 23rd. Eight research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.
Get Our Latest Stock Report on Wyndham Hotels & Resorts
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.
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