Wyndham Hotels & Resorts (NYSE:WH) Shares Sold by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC reduced its holdings in Wyndham Hotels & Resorts by 16.7%, now owning approximately 0.05% of the company worth $3.82 million.
• Wyndham reported $1.33 EPS for the last quarter, exceeding expectations, with revenue increasing 8.2% year-over-year.
• The company declared a dividend of $0.41 per share, resulting in an annualized dividend yield of 2.0%.

Informed Momentum Co LLC trimmed its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,209 shares of the company's stock after selling 8,461 shares during the quarter. Informed Momentum Co LLC owned 0.05% of Wyndham Hotels & Resorts worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in Wyndham Hotels & Resorts by 11.1% during the 1st quarter. HighTower Advisors LLC now owns 10,067 shares of the company's stock worth $911,000 after buying an additional 1,008 shares during the last quarter. AGF Management Ltd. grew its stake in Wyndham Hotels & Resorts by 520.3% during the 1st quarter. AGF Management Ltd. now owns 164,733 shares of the company's stock worth $14,910,000 after buying an additional 138,177 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in Wyndham Hotels & Resorts during the 1st quarter worth $8,007,000. Nuveen LLC purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at about $70,353,000. Finally, Entropy Technologies LP purchased a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at about $378,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock traded down $2.28 on Thursday, hitting $88.82. The company had a trading volume of 765,730 shares, compared to its average volume of 1,044,922. The firm has a market cap of $6.78 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a 50-day moving average price of $84.64 and a 200-day moving average price of $89.90. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a twelve month low of $74.37 and a twelve month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 38.32%.

Insider Activity

In other Wyndham Hotels & Resorts 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 value of $2,292,117.48. Following the sale, the chief executive officer directly owned 467,394 shares of the company's stock, valued at approximately $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WH shares. Stifel Nicolaus dropped their price target on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. started coverage on Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They set an "overweight" rating and a $101.00 price target on the stock. Robert W. Baird boosted their price target on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and set a $105.00 price target on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. Finally, Truist Financial boosted their price target on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.98.

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.