Wyndham Hotels & Resorts Inc (NYSE:WH) Director Ronald L. Nelson bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $49.95 per share, for a total transaction of $499,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE WH traded up $0.51 during trading on Friday, hitting $49.94. 1,573,783 shares of the company traded hands, compared to its average volume of 999,327. Wyndham Hotels & Resorts Inc has a 12 month low of $43.03 and a 12 month high of $61.49. The business has a fifty day simple moving average of $57.26 and a 200 day simple moving average of $54.42. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $4.87 billion, a P/E ratio of 18.43, a PEG ratio of 1.42 and a beta of 1.03.
Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The company had revenue of $533.00 million for the quarter, compared to analyst estimates of $532.61 million. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that Wyndham Hotels & Resorts Inc will post 3.19 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Boston Partners increased its stake in shares of Wyndham Hotels & Resorts by 2.9% in the first quarter. Boston Partners now owns 5,715,052 shares of the company’s stock worth $285,695,000 after purchasing an additional 163,327 shares during the period. JPMorgan Chase & Co. increased its stake in Wyndham Hotels & Resorts by 12.9% during the second quarter. JPMorgan Chase & Co. now owns 2,591,788 shares of the company’s stock valued at $144,881,000 after acquiring an additional 295,411 shares during the period. Bessemer Group Inc. increased its stake in Wyndham Hotels & Resorts by 0.5% during the second quarter. Bessemer Group Inc. now owns 2,560,951 shares of the company’s stock valued at $142,746,000 after acquiring an additional 11,481 shares during the period. Jackson Square Partners LLC increased its stake in Wyndham Hotels & Resorts by 7.2% during the first quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock valued at $103,301,000 after acquiring an additional 139,472 shares during the period. Finally, Invesco Ltd. increased its stake in Wyndham Hotels & Resorts by 114.7% during the second quarter. Invesco Ltd. now owns 1,268,421 shares of the company’s stock valued at $70,702,000 after acquiring an additional 677,607 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.
Several equities analysts have weighed in on the company. Bank of America assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, June 12th. They set a “buy” rating and a $62.00 target price on the stock. Barclays assumed coverage on Wyndham Hotels & Resorts in a report on Tuesday, July 2nd. They set an “overweight” rating and a $72.00 target price on the stock. Finally, Zacks Investment Research lowered Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target 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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