Wyndham Hotels & Resorts (NYSE:WH) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Wyndham Hotels & Resorts (NYSE:WH) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

WH has been the subject of several other reports. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a report on Friday, April 26th. Barclays increased their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an overweight rating in a report on Friday, July 26th. Truist Financial cut their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a buy rating for the company in a report on Friday, July 26th. Stifel Nicolaus cut their price objective on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a buy rating for the company in a report on Thursday, July 25th. Finally, Susquehanna initiated coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They set a neutral rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of Moderate Buy and a consensus price target of $89.43.

Wyndham Hotels & Resorts Stock Down 0.8 %

Shares of WH traded down $0.57 during mid-day trading on Friday, reaching $74.28. The company’s stock had a trading volume of 761,583 shares, compared to its average volume of 770,755. The business has a fifty day moving average of $73.37 and a 200 day moving average of $74.46. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. Wyndham Hotels & Resorts has a 1 year low of $65.63 and a 1 year high of $81.73. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share (EPS) 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 analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, analysts forecast that Wyndham Hotels & Resorts will post 4.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Scott R. Strickland sold 4,076 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $67.81, for a total value of $276,393.56. Following the sale, the insider now directly owns 28,912 shares of the company’s stock, valued at $1,960,522.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares in the company, valued at $315,006.90. The disclosure for this sale can be found here. Insiders have sold 18,254 shares of company stock valued at $1,314,144 over the last three months. 2.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Capital Management LLC grew its position in Wyndham Hotels & Resorts by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 4,887 shares of the company’s stock worth $393,000 after buying an additional 145 shares in the last quarter. Allworth Financial LP grew its position in Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after buying an additional 152 shares in the last quarter. PFG Investments LLC grew its position in Wyndham Hotels & Resorts by 4.4% during 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 in the last quarter. Signaturefd LLC grew its position in Wyndham Hotels & Resorts by 24.1% during the fourth quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock worth $85,000 after buying an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company 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.