Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. decreased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,091 shares of the company’s stock after selling 1,162 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of 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 last quarter. Concord Wealth Partners lifted its position in shares of Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after buying an additional 291 shares in the last quarter. Blue Trust Inc. grew its stake in Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the period. Family Firm Inc. acquired a new position in Wyndham Hotels & Resorts during the second quarter worth $67,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the second quarter worth about $70,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,040 shares of company stock valued at $9,022,056. Corporate insiders own 2.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WH. Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Truist Financial raised their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.00.

Wyndham Hotels & Resorts Stock Up 7.0 %

Wyndham Hotels & Resorts stock opened at $95.43 on Thursday. The stock has a 50-day simple moving average of $81.38 and a 200-day simple moving average of $76.01. The company has a market capitalization of $7.42 billion, a P/E ratio of 30.30, a PEG ratio of 2.22 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, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $95.63.

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

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 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.