Sowell Financial Services LLC Buys Shares of 23,942 Wyndham Hotels & Resorts (NYSE:WH)

Sowell Financial Services LLC purchased 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 23,942 shares of the company's stock, valued at approximately $2,167,000.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Wyndham Hotels & Resorts by 508.7% during the fourth 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. Smartleaf Asset Management LLC raised its stake in Wyndham Hotels & Resorts by 46.0% during the fourth 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. Quarry LP bought a new position in Wyndham Hotels & Resorts during the fourth quarter worth $41,000. Finally, FIL Ltd raised its stake in Wyndham Hotels & Resorts by 226.6% during the fourth quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Transactions 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 shares were sold at an average price of $86.56, for a total transaction of $2,306,824.00. Following the transaction, the chief executive officer now directly owns 461,376 shares in the company, valued at approximately $39,936,706.56. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WH shares. Barclays lowered their target price on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on shares of 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. Redburn Atlantic raised shares of 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. Susquehanna lifted their target price on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley lowered their target price on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.48.

Wyndham Hotels & Resorts Stock Down 0.7%

WH traded down $0.57 during midday trading on Wednesday, hitting $79.77. The company had a trading volume of 1,355,968 shares, compared to its average volume of 862,448. Wyndham Hotels & Resorts has a 52 week low of $70.08 and a 52 week high of $113.07. 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 company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.63 and a beta of 0.99. The stock's 50 day moving average price is $84.06 and its 200 day moving average price is $94.49.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, research 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 13th. Wyndham Hotels & Resorts's payout ratio is presently 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.