Sowell Financial Services LLC Purchases New Stake in Wyndham Hotels & Resorts (NYSE:WH)

Sowell Financial Services LLC acquired a new position in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,942 shares of the company's stock, valued at approximately $2,167,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WH. Proficio Capital Partners LLC bought a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Wyndham Hotels & Resorts by 46.0% in 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 during the last quarter. Quarry LP acquired a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at approximately $41,000. Finally, FIL Ltd boosted its stake in Wyndham Hotels & Resorts by 226.6% during the 4th 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. Institutional investors and hedge funds own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Down 0.5%

WH traded down $0.36 during midday trading on Friday, reaching $79.32. 1,098,497 shares of the company were exchanged, compared to its average volume of 863,477. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99. Wyndham Hotels & Resorts has a one year low of $70.08 and a one year high of $113.07. The company's fifty day moving average price is $83.85 and its 200 day moving average price is $94.26. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96.

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, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The business had revenue of $316.00 million for the quarter, compared to analysts' expectations of $320.10 million. During the same period in the previous year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WH. Barclays decreased 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. Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus cut their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group lowered their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group cut their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.48.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,650 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the completion of the transaction, the chief executive officer now directly owns 461,376 shares in the company, valued at $39,936,706.56. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.46% of the stock is currently owned by corporate insiders.

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.