Corbyn Investment Management Inc. MD Sells 11,129 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Corbyn Investment Management Inc. MD has decreased its stake in Wyndham Hotels & Resorts by 31.3%, selling 11,129 shares, which brings their total holdings to 24,476 shares valued at approximately $2.2 million.
• Wyndham Hotels & Resorts' CEO, Geoffrey A. Ballotti, recently sold 26,724 shares for about $2.29 million, resulting in a 5.41% decrease in his ownership of the company.
• Wyndham Hotels & Resorts reported earnings of $1.33 per share for the last quarter, exceeding estimates, with plans for a $0.41 quarterly dividend providing a 1.9% yield.

Corbyn Investment Management Inc. MD lowered its position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 31.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,476 shares of the company's stock after selling 11,129 shares during the period. Corbyn Investment Management Inc. MD's holdings in Wyndham Hotels & Resorts were worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $41,000. FIL Ltd raised its holdings in Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock valued at $46,000 after acquiring an additional 315 shares in the last quarter. Versant Capital Management Inc raised its holdings in Wyndham Hotels & Resorts by 139.2% during the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock worth $48,000 after purchasing an additional 309 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after purchasing an additional 166 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Wyndham Hotels & Resorts during the fourth quarter worth approximately $69,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 16th. The stock was sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the sale, the chief executive officer directly owned 467,394 shares of the company's stock, valued at $40,088,383.38. The trade was 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 insiders.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.13 during midday trading on Friday, reaching $83.92. The company's stock had a trading volume of 630,326 shares, compared to its average volume of 1,344,156. The stock has a market cap of $6.41 billion, a P/E ratio of 19.61, a PEG ratio of 1.48 and a beta of 0.99. The company has a fifty day simple moving average of $84.35 and a 200 day simple moving average of $90.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a twelve month low of $72.63 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The company had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter last year, the firm earned $1.13 EPS. Wyndham Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given 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 2.0%. Wyndham Hotels & Resorts's payout ratio is presently 38.32%.

Analyst Ratings Changes

A number of research firms recently weighed in on WH. JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.98.

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.