Public Employees Retirement System of Ohio Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Public Employees Retirement System of Ohio lowered its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 6.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,946 shares of the company’s stock after selling 1,915 shares during the period. Public Employees Retirement System of Ohio’s holdings in Wyndham Hotels & Resorts were worth $2,262,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. boosted its position in Wyndham Hotels & Resorts by 70.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock valued at $163,589,000 after buying an additional 916,742 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Wyndham Hotels & Resorts by 40.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares during the period. Dimensional Fund Advisors LP grew its stake in Wyndham Hotels & Resorts by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock worth $91,609,000 after purchasing an additional 196,982 shares in the last quarter. Millennium Management LLC increased its holdings in Wyndham Hotels & Resorts by 12.6% during the 2nd quarter. Millennium Management LLC now owns 1,174,404 shares of the company’s stock worth $86,906,000 after purchasing an additional 131,848 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Wyndham Hotels & Resorts by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock valued at $56,423,000 after purchasing an additional 7,241 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $103.30 on Wednesday. The stock’s 50-day moving average is $92.76 and its two-hundred day moving average is $81.37. 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 1 year low of $67.67 and a 1 year high of $105.16. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.42 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current 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 $0.38 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.47%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday, December 5th. They set an “equal weight” rating and a $103.00 target price for the company. Finally, Oppenheimer raised their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.56.

Insider Buying and Selling

In other news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This trade represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock worth $8,881,849 in the last 90 days. Company insiders own 2.79% of the company’s stock.

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.