Teachers Retirement System of The State of Kentucky Reduces Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,173 shares of the company’s stock after selling 1,675 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Wyndham Hotels & Resorts worth $4,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WH. Vanguard Group Inc. raised its holdings in Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares in the last quarter. Capital Research Global Investors raised its holdings in Wyndham Hotels & Resorts by 0.3% in the first quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock worth $551,992,000 after purchasing an additional 23,549 shares in the last quarter. Wellington Management Group LLP raised its holdings in Wyndham Hotels & Resorts by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after purchasing an additional 543,488 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Wyndham Hotels & Resorts by 1.4% in the first quarter. Burgundy Asset Management Ltd. now owns 1,293,916 shares of the company’s stock worth $99,308,000 after purchasing an additional 17,766 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Wyndham Hotels & Resorts by 219.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after purchasing an additional 740,992 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They issued a “hold” rating on the stock. Robert W. Baird lifted their target price on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price objective on the stock. Truist Financial reduced their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Barclays lifted their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.43.

Wyndham Hotels & Resorts Price Performance

Shares of Wyndham Hotels & Resorts stock traded up $0.27 during mid-day trading on Friday, reaching $75.20. 1,015,097 shares of the stock traded hands, compared to its average volume of 870,010. The business has a 50-day moving average of $72.94 and a 200 day moving average of $74.70. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $81.73. The stock has a market capitalization of $5.94 billion, a PE ratio of 26.66, a PEG ratio of 2.59 and a beta of 1.34. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The firm had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. On average, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 1,274 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $67.81, for a total value of $86,389.94. Following the sale, the chief financial officer now owns 25,056 shares of the company’s stock, valued at approximately $1,699,047.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at approximately $315,006.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,254 shares of company stock worth $1,314,144. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. 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.