Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lowered its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 19.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,125 shares of the company’s stock after selling 3,729 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Wyndham Hotels & Resorts were worth $1,161,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. State of Michigan Retirement System raised its stake in shares of Wyndham Hotels & Resorts by 2.0% in the first quarter. State of Michigan Retirement System now owns 20,353 shares of the company’s stock valued at $1,562,000 after acquiring an additional 400 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Wyndham Hotels & Resorts by 17.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 104,609 shares of the company’s stock worth $8,029,000 after acquiring an additional 15,599 shares in the last quarter. Benson Investment Management Company Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 0.7% during the 1st quarter. Benson Investment Management Company Inc. now owns 57,684 shares of the company’s stock worth $4,427,000 after acquiring an additional 414 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $150,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $329,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $72.65 on Wednesday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s 50-day moving average is $71.97 and its 200-day moving average is $75.56. Wyndham Hotels & Resorts, Inc. has a 52-week low of $65.63 and a 52-week high of $81.73. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.57 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $308.24 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. Equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 196,279 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares in the company, valued at $27,708,952.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 4,076 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $276,393.56. Following the completion of the sale, the insider now owns 28,912 shares of the company’s stock, valued at approximately $1,960,522.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,933 shares of company stock valued at $15,130,227. Corporate insiders own 2.79% of the company’s stock.

Analyst Upgrades and Downgrades

WH has been the subject of several analyst reports. StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They issued a “hold” rating for the company. Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays upped their price objective on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a “neutral” rating and a $80.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

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.