Castleark Management LLC Acquires Shares of 65,050 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Castleark Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 65,050 shares of the company's stock, valued at approximately $6,556,000. Castleark Management LLC owned about 0.08% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Trust Co. of Vermont lifted its position in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock worth $28,000 after buying an additional 234 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after buying an additional 108 shares during the last quarter. UMB Bank n.a. raised its holdings in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock worth $40,000 after acquiring an additional 168 shares during the period. Finally, Quarry LP acquired a new position in Wyndham Hotels & Resorts during the 4th quarter worth $41,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 26,650 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the transaction, the chief executive officer now owns 461,376 shares in the company, valued at $39,936,706.56. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.46% of the company's stock.

Analyst Ratings Changes

WH has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Susquehanna raised their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Robert W. Baird cut 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 research note on Tuesday, May 6th. Jefferies Financial Group reduced their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Truist Financial dropped 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 report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $108.48.

Wyndham Hotels & Resorts Stock Down 1.4%

NYSE WH opened at $87.04 on Wednesday. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.87 and a beta of 1.08. The stock's 50 day moving average is $86.18 and its two-hundred day moving average is $96.26. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The firm had revenue of $316.00 million during the quarter, compared to analyst estimates of $320.10 million. During the same period in the prior year, the company posted $0.78 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.88%. Wyndham Hotels & Resorts's dividend payout ratio is 38.86%.

Wyndham Hotels & Resorts Profile

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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