Wyndham Hotels & Resorts (NYSE:WH) Shares Sold by Corbyn Investment Management Inc. MD

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 stake in shares of 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WH. Quarry LP purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter valued at about $41,000. FIL Ltd boosted its position in shares of Wyndham Hotels & Resorts by 226.6% in the fourth quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after acquiring an additional 315 shares during the last quarter. Versant Capital Management Inc grew its holdings in Wyndham Hotels & Resorts by 139.2% in the first quarter. Versant Capital Management Inc now owns 531 shares of the company's stock valued at $48,000 after purchasing an additional 309 shares during the period. First Horizon Advisors Inc. grew its holdings in Wyndham Hotels & Resorts by 36.1% in the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after purchasing an additional 166 shares during the period. Finally, State of Wyoming acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth approximately $69,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

WH has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley reissued an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target for the company. Robert W. Baird raised their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.98.

Wyndham Hotels & Resorts Stock Down 2.0%

Shares of NYSE WH traded down $1.67 during trading on Thursday, reaching $83.80. 1,127,239 shares of the stock were exchanged, compared to its average volume of 1,370,981. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The business's 50-day moving average price is $84.33 and its 200 day moving average price is $90.41. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a twelve month low of $72.14 and a twelve month high of $113.07.

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

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Insider Activity

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were 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 owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.46% of the stock is currently owned by insiders.

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.