Peddock Capital Advisors LLC Purchases Shares of 3,390 Wyndham Hotels & Resorts Inc (NYSE:WH)

Peddock Capital Advisors LLC purchased a new stake in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,390 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also made changes to their positions in the business. Ballast Inc. lifted its position in Wyndham Hotels & Resorts by 5.9% during the third quarter. Ballast Inc. now owns 4,289 shares of the company’s stock valued at $221,000 after buying an additional 238 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Wyndham Hotels & Resorts by 90.8% during the fourth quarter. NEXT Financial Group Inc now owns 540 shares of the company’s stock valued at $34,000 after purchasing an additional 257 shares during the period. Huntington National Bank raised its stake in shares of Wyndham Hotels & Resorts by 95.4% during the fourth quarter. Huntington National Bank now owns 758 shares of the company’s stock valued at $48,000 after purchasing an additional 370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wyndham Hotels & Resorts by 7.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock valued at $316,000 after purchasing an additional 422 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Wyndham Hotels & Resorts by 2.2% during the third quarter. Nisa Investment Advisors LLC now owns 23,200 shares of the company’s stock valued at $1,200,000 after purchasing an additional 500 shares during the period. 91.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WH traded down $1.13 during mid-day trading on Friday, reaching $58.27. 16,884 shares of the stock traded hands, compared to its average volume of 601,394. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 1.52 and a beta of 1.15. The stock has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $55.80. Wyndham Hotels & Resorts Inc has a 12-month low of $48.26 and a 12-month high of $63.66. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $560.00 million during the quarter, compared to analyst estimates of $576.90 million. Wyndham Hotels & Resorts had a net margin of 6.47% and a return on equity of 22.24%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts expect that Wyndham Hotels & Resorts Inc will post 3.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.99%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 42.80%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 11th. ValuEngine lowered shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.13.

In related news, insider Thomas Hunter Barber sold 3,091 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $57.62, for a total value of $178,103.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Stephen P. Holmes sold 25,000 shares of Wyndham Hotels & Resorts stock in a transaction on Monday, November 11th. The stock was sold at an average price of $54.88, for a total transaction of $1,372,000.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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