Allspring Global Investments Holdings LLC Reduces Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Allspring Global Investments Holdings LLC cut its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 24.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,580 shares of the company's stock after selling 20,888 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of Wyndham Hotels & Resorts worth $5,786,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WH. Bessemer Group Inc. raised its position in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock worth $134,414,000 after acquiring an additional 1,328,292 shares in the last quarter. Norges Bank purchased a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $104,774,000. JPMorgan Chase & Co. increased its stake in Wyndham Hotels & Resorts by 404.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after purchasing an additional 972,708 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth approximately $54,738,000. Finally, Interval Partners LP purchased a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth approximately $31,991,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the sale, the chief executive officer owned 467,394 shares in the company, valued at $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.46% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Price Performance

Shares of WH opened at $84.44 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29. The stock's 50 day moving average is $83.61 and its two-hundred day moving average is $92.65. Wyndham Hotels & Resorts has a twelve month low of $70.08 and a twelve month high of $113.07. The firm has a market capitalization of $6.50 billion, a PE ratio of 20.01, a P/E/G ratio of 1.72 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The business had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. During the same period last year, the firm earned $0.78 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, June 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.94%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WH shares. Stifel Nicolaus decreased their price objective on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a report on Thursday, May 1st. Barclays decreased their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Robert W. Baird reduced their target price on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.48.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.

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