New York State Common Retirement Fund Purchases 66,522 Shares of Wyndham Hotels & Resorts (NYSE:WH)

New York State Common Retirement Fund boosted its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 160.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,915 shares of the company's stock after purchasing an additional 66,522 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Wyndham Hotels & Resorts worth $9,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WH. Xponance Inc. grew its holdings in Wyndham Hotels & Resorts by 1.3% during the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock worth $857,000 after buying an additional 126 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after acquiring an additional 166 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 4.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock valued at $508,000 after purchasing an additional 195 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Wyndham Hotels & Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock valued at $1,688,000 after purchasing an additional 200 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Wyndham Hotels & Resorts by 3.4% during the first quarter. NorthCrest Asset Manangement LLC now owns 6,578 shares of the company's stock valued at $595,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Trading Down 0.2%

Shares of WH opened at $86.75 on Friday. Wyndham Hotels & Resorts has a 1-year low of $70.08 and a 1-year high of $113.07. The company has a market capitalization of $6.68 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96. The firm's 50 day simple moving average is $84.10 and its 200 day simple moving average is $91.76.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $316.00 million for 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 company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. Sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.86%.

Analysts Set New Price Targets

WH has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target for the company. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Monday, March 24th. Stifel Nicolaus reduced their price objective on 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. Finally, Barclays decreased their target price on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $108.40.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 467,394 shares in the company, valued at $40,088,383.38. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.

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