Jane Street Group LLC decreased its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 58.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,844 shares of the company’s stock after selling 120,386 shares during the period. Jane Street Group LLC’s holdings in Wyndham Hotels & Resorts were worth $6,708,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Wyndham Hotels & Resorts by 11.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock valued at $467,000 after purchasing an additional 627 shares during the last quarter. Blue Trust Inc. lifted its holdings in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after acquiring an additional 635 shares during the last quarter. Raymond James & Associates boosted its stake in Wyndham Hotels & Resorts by 10.7% in the second quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock valued at $5,525,000 after acquiring an additional 7,226 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Wyndham Hotels & Resorts by 19.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,418,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter worth approximately $211,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on WH shares. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Oppenheimer boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $105.56.
Wyndham Hotels & Resorts Trading Down 0.3 %
Wyndham Hotels & Resorts stock opened at $103.33 on Friday. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $105.12. The stock has a market capitalization of $8.04 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. The firm has a 50 day simple moving average of $92.21 and a 200-day simple moving average of $81.02. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. As a group, equities research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.
Insider Activity
In related news, CFO Michele Allen sold 15,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This trade represents a 59.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,850 shares of company stock worth $8,881,849. Corporate insiders own 2.79% of the company’s stock.
Wyndham Hotels & Resorts 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.
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