Meridian Investment Counsel Inc. Sells 725 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Meridian Investment Counsel Inc. lowered its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,419 shares of the company’s stock after selling 725 shares during the period. Meridian Investment Counsel Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,127,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its position in Wyndham Hotels & Resorts by 2.7% in the third quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after purchasing an additional 147 shares during the last quarter. PFG Investments LLC increased its stake in shares of Wyndham Hotels & Resorts by 4.4% in the second quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after buying an additional 155 shares during the period. Equitable Trust Co. raised its holdings in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after buying an additional 174 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Wyndham Hotels & Resorts by 1.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock valued at $717,000 after buying an additional 175 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock worth $9,273,255 over the last three months. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WH has been the topic of a number of analyst reports. Oppenheimer boosted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial upped their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.86.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $96.80 on Friday. The company has a 50 day simple moving average of $84.04 and a two-hundred day simple moving average of $77.15. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $98.73. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.45 and a beta of 1.31. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same quarter last year, the company earned $1.31 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

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.