Janney Montgomery Scott LLC Invests $309,000 in Wyndham Hotels & Resorts (NYSE:WH)

Janney Montgomery Scott LLC bought a new stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,413 shares of the company's stock, valued at approximately $309,000.

Several other hedge funds have also recently added to or reduced their stakes in WH. Bank Pictet & Cie Europe AG bought a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $201,000. Proficio Capital Partners LLC bought a new stake in Wyndham Hotels & Resorts during the 4th quarter valued at $28,000. US Bancorp DE raised its stake in Wyndham Hotels & Resorts by 2.2% during the 4th quarter. US Bancorp DE now owns 17,709 shares of the company's stock valued at $1,785,000 after acquiring an additional 388 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Wyndham Hotels & Resorts by 46.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after acquiring an additional 108 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Wyndham Hotels & Resorts by 435.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,365 shares of the company's stock valued at $138,000 after acquiring an additional 1,110 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

WH has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group decreased their target price on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Redburn Atlantic raised Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. began coverage on 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.48.

Wyndham Hotels & Resorts Trading Up 0.4%

Shares of NYSE WH traded up $0.37 during mid-day trading on Friday, hitting $84.44. 933,519 shares of the company traded hands, compared to its average volume of 869,315. Wyndham Hotels & Resorts has a 1 year low of $70.08 and a 1 year high of $113.07. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.72 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.29. The business has a 50 day moving average of $83.61 and a two-hundred day moving average of $92.65.

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 (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. On average, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction dated Friday, May 16th. The stock was 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 directly owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.46% of the company's stock.

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.