Ladenburg Thalmann Financial Services Inc. Acquires 3,334 Shares of Wyndham Hotels & Resorts Inc (NYSE:WH)

Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 82.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,374 shares of the company’s stock after acquiring an additional 3,334 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Wyndham Hotels & Resorts were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at about $90,000. Princeton Global Asset Management LLC increased its position in shares of Wyndham Hotels & Resorts by 7.9% in the first quarter. Princeton Global Asset Management LLC now owns 4,307 shares of the company’s stock valued at $215,000 after acquiring an additional 317 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at about $534,000. Fulton Bank N.A. acquired a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $210,000. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in shares of Wyndham Hotels & Resorts by 3.3% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 62,848 shares of the company’s stock valued at $3,503,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 91.93% of the company’s stock.

In other news, Director Ronald L. Nelson bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $49.95 per share, with a total value of $499,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David B. Wyshner bought 2,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $50.37 per share, for a total transaction of $100,740.00. The disclosure for this purchase can be found here. Insiders bought 22,000 shares of company stock worth $1,102,840 in the last ninety days. 1.90% of the stock is owned by company insiders.

Shares of NYSE WH opened at $50.10 on Wednesday. The business’s 50 day moving average price is $51.67 and its two-hundred day moving average price is $54.30. The company has a market cap of $4.81 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.62. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $61.49.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $533.00 million for the quarter, compared to the consensus estimate of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, research analysts anticipate that Wyndham Hotels & Resorts Inc will post 3.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, September 12th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

A number of analysts recently issued reports on WH shares. Zacks Investment Research downgraded Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. lowered their target price on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. ValuEngine downgraded Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. TheStreet raised Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, August 26th. Finally, Stifel Nicolaus set a $65.00 target price on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Wyndham Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $65.38.

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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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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