Peddock Capital Advisors LLC Takes Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Peddock Capital Advisors LLC bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,580 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Wyndham Hotels & Resorts by 150.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after purchasing an additional 3,002,259 shares in the last quarter. Invesco Ltd. increased its stake in Wyndham Hotels & Resorts by 55.2% in the 3rd quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock worth $93,043,000 after purchasing an additional 475,682 shares in the last quarter. PointState Capital LP acquired a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth about $18,646,000. Deutsche Bank AG raised its holdings in Wyndham Hotels & Resorts by 146.4% during the 3rd quarter. Deutsche Bank AG now owns 301,159 shares of the company’s stock worth $20,943,000 after buying an additional 178,948 shares during the period. Finally, Tudor Investment Corp Et Al boosted its holdings in shares of Wyndham Hotels & Resorts by 169.0% in the third quarter. Tudor Investment Corp Et Al now owns 130,868 shares of the company’s stock worth $9,101,000 after buying an additional 82,215 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at $900,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the transaction, the chief accounting officer now directly owns 11,404 shares of the company’s stock, valued at approximately $900,916. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the 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 sale, the chief executive officer now directly owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The disclosure for this sale can be found here. 2.79% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Stock Down 0.9 %

Shares of Wyndham Hotels & Resorts stock traded down $0.71 during midday trading on Tuesday, reaching $74.17. 904,718 shares of the company’s stock traded hands, compared to its average volume of 694,734. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a 52 week low of $63.69 and a 52 week high of $81.73. The company’s 50 day simple moving average is $74.73 and its 200 day simple moving average is $76.92. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.25 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.38 dividend. This is a positive change from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.05%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price target on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com began coverage on Wyndham Hotels & Resorts in a report on Sunday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.17.

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.