Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,852 shares of the company’s stock after selling 2,246 shares during the period. American International Group Inc. owned approximately 0.14% of Wyndham Hotels & Resorts worth $8,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $71,677,000. Balyasny Asset Management L.P. lifted its stake in shares of Wyndham Hotels & Resorts by 219.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,079,336 shares of the company’s stock worth $86,789,000 after buying an additional 740,992 shares during the period. Vanguard Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 7.5% during the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after buying an additional 581,909 shares during the period. Wellington Management Group LLP lifted its stake in shares of Wyndham Hotels & Resorts by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company’s stock worth $445,881,000 after buying an additional 543,488 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 41.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 899,282 shares of the company’s stock worth $72,311,000 after buying an additional 262,031 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Performance

WH traded up $6.53 on Thursday, reaching $76.95. The stock had a trading volume of 1,406,361 shares, compared to its average volume of 759,123. Wyndham Hotels & Resorts, Inc. has a 12-month low of $65.63 and a 12-month high of $81.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. The business’s 50-day moving average price is $72.14 and its two-hundred day moving average price is $74.87. The company has a market cap of $6.20 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The company had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $370.58 million. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.98%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Analyst Ratings Changes

Several research firms have recently commented on WH. Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research note on Thursday. Barclays raised their target price on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. StockNews.com assumed coverage on shares of Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They set a “hold” rating for the company. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a “neutral” rating and a $80.00 target price for the company. Finally, Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CFO Michele Allen sold 1,274 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $86,389.94. Following the completion of the sale, the chief financial officer now owns 25,056 shares of the company’s stock, valued at $1,699,047.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $67.81, for a total value of $276,393.56. Following the transaction, the insider now directly owns 28,912 shares in the company, valued at approximately $1,960,522.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michele Allen sold 1,274 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $67.81, for a total transaction of $86,389.94. Following the completion of the transaction, the chief financial officer now owns 25,056 shares in the company, valued at $1,699,047.36. The disclosure for this sale can be found here. Insiders sold 206,933 shares of company stock valued at $15,130,227 over the last 90 days. Corporate insiders own 2.79% of the company’s stock.

About Wyndham Hotels & Resorts

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.