Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 3.8% in the third quarter, HoldingsChannel reports. The firm owned 41,087 shares of the company’s stock after selling 1,620 shares during the quarter. MetLife Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts during the 3rd quarter worth $30,000. 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 worth $34,000 after acquiring an additional 207 shares during the period. First Horizon Advisors Inc. boosted its position in Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after acquiring an additional 203 shares during the period. Concord Wealth Partners lifted its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after buying an additional 291 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the business’s 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 transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the sale, the director now owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,890 shares of company stock worth $9,273,255 over the last 90 days. 2.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on WH shares. Stifel Nicolaus upped their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Truist Financial upped their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price on the stock. Finally, Barclays boosted their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Wyndham Hotels & Resorts Stock Down 0.2 %

NYSE:WH opened at $97.80 on Wednesday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.48 and a beta of 1.32. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $99.11. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s fifty day moving average price is $88.11 and its 200 day moving average price is $79.10.

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

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

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.