Janney Montgomery Scott LLC Acquires Shares of 3,413 Wyndham Hotels & Resorts (NYSE:WH)

Janney Montgomery Scott LLC acquired a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,413 shares of the company's stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Wyndham Hotels & Resorts by 46.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock worth $35,000 after buying an additional 108 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 4.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock worth $508,000 after buying an additional 195 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Wyndham Hotels & Resorts by 3.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,578 shares of the company's stock worth $595,000 after buying an additional 218 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Wyndham Hotels & Resorts by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 12,855 shares of the company's stock worth $1,296,000 after buying an additional 233 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Wyndham Hotels & Resorts by 508.7% during the 4th 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. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.46% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.95 during trading hours on Wednesday, hitting $85.83. The company's stock had a trading volume of 937,769 shares, compared to its average volume of 875,682. Wyndham Hotels & Resorts has a fifty-two week low of $70.08 and a fifty-two week high of $113.07. 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 firm has a market capitalization of $6.61 billion, a PE ratio of 20.34, a PEG ratio of 1.73 and a beta of 0.98. The company has a 50-day simple moving average of $83.56 and a 200 day simple moving average of $92.39.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share 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 analyst estimates of $320.10 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The company's revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.64 annualized dividend and a dividend yield of 1.91%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Analyst Ratings Changes

WH has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price target on the stock. Barclays cut their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley cut their price target on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.48.

Wyndham Hotels & Resorts Company 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.