Public Employees Retirement System of Ohio Has $5 Million Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Public Employees Retirement System of Ohio boosted its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 71.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,616 shares of the company's stock after purchasing an additional 20,670 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Wyndham Hotels & Resorts worth $5,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% in the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company's stock valued at $134,414,000 after acquiring an additional 1,328,292 shares during the last quarter. Norges Bank bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $104,774,000. JPMorgan Chase & Co. increased its holdings in shares of Wyndham Hotels & Resorts by 404.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company's stock valued at $122,261,000 after acquiring an additional 972,708 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $54,738,000. Finally, Interval Partners LP bought a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $31,991,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 467,394 shares of the company's stock, valued at $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WH shares. Truist Financial lowered their price target on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a report on Friday, March 21st. Jefferies Financial Group reduced their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Barclays reduced their price objective 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. Finally, 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 report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $108.48.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded down $1.10 on Friday, hitting $82.73. The company's stock had a trading volume of 1,311,741 shares, compared to its average volume of 859,510. Wyndham Hotels & Resorts, Inc. has a 12 month low of $68.56 and a 12 month high of $113.07. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The stock's 50-day moving average is $85.17 and its two-hundred day moving average is $95.72. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

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 (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The company had revenue of $316.00 million during the quarter, compared to analysts' expectations of $320.10 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.98%. Wyndham Hotels & Resorts's dividend payout ratio is currently 38.86%.

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.