Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Oak Thistle LLC

Oak Thistle LLC reduced its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,348 shares of the company’s stock after selling 1,905 shares during the quarter. Oak Thistle LLC’s holdings in Wyndham Hotels & Resorts were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Benson Investment Management Company Inc. grew its position in Wyndham Hotels & Resorts by 0.7% during the first quarter. Benson Investment Management Company Inc. now owns 57,684 shares of the company’s stock valued at $4,427,000 after acquiring an additional 414 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $150,000. Nomura Holdings Inc. purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $329,000. Quadrature Capital Ltd purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at about $314,000. Finally, Wellington Management Group LLP grew its position in 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 valued at $445,881,000 after acquiring an additional 543,488 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Down 2.0 %

NYSE WH traded down $1.45 on Monday, hitting $72.55. 741,798 shares of the stock traded hands, compared to its average volume of 755,298. The stock has a 50-day moving average of $71.94 and a 200 day moving average of $75.60. Wyndham Hotels & Resorts, Inc. has a twelve month low of $65.63 and a twelve month high of $81.73. The company has a market capitalization of $5.85 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Wyndham Hotels & Resorts’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, June 14th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Analyst Ratings Changes

A number of research firms have issued reports on WH. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a research report on Saturday, June 22nd. They set a “hold” rating for the company. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. Barclays upped 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. Finally, Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Insider Transactions at Wyndham Hotels & Resorts

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

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.