Wyndham Hotels & Resorts $WH Shares Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its Wyndham Hotels & Resorts stake by 61% in the third quarter, selling 85,335 shares and retaining 54,463 shares valued at about $3.9 million.
• Analysts give the stock a “Moderate Buy” consensus, with an average price target of $94.67; nine rate it Buy and five Hold.
• Wyndham beat quarterly earnings expectations, reporting $1.43 per share, and authorized a $400 million share-repurchase plan covering up to 7.6% of outstanding shares.

Alps Advisors Inc. decreased its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 61.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,463 shares of the company's stock after selling 85,335 shares during the quarter. Alps Advisors Inc. owned approximately 0.07% of Wyndham Hotels & Resorts worth $3,913,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Continuum Advisory LLC bought a new position in shares of Wyndham Hotels & Resorts in the second quarter worth $36,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the third quarter worth about $33,000. J.Safra Asset Management Corp acquired a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $43,000. Covestor Ltd increased its holdings in shares of Wyndham Hotels & Resorts by 55.4% during the 3rd quarter. Covestor Ltd now owns 586 shares of the company's stock worth $42,000 after purchasing an additional 209 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at $52,000. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In related news, CEO Geoffrey Ballotti sold 19,414 shares of Wyndham Hotels & Resorts stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.71, for a total transaction of $1,411,591.94. Following the completion of the transaction, the chief executive officer owned 549,323 shares in the company, valued at approximately $39,941,275.33. This trade represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.33% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WH. Mizuho set a $95.00 price target on shares of Wyndham Hotels & Resorts in a research report on Friday, October 23rd. JPMorgan Chase & Co. lowered their price target on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Freedom Broker began coverage on Wyndham Hotels & Resorts in a research report on Wednesday, October 14th. They set a "buy" rating and a $88.00 price target on the stock. Morgan Stanley cut their price objective on Wyndham Hotels & Resorts from $97.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Finally, Wells Fargo & Company boosted their price objective on Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.67.

Wyndham Hotels & Resorts Price Performance

NYSE:WH opened at $77.37 on Monday. The company has a debt-to-equity ratio of 5.69, a quick ratio of 1.01 and a current ratio of 1.01. The stock's 50-day simple moving average is $72.68 and its 200 day simple moving average is $77.83. The company has a market cap of $5.64 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.83 and a beta of 0.64. Wyndham Hotels & Resorts has a 52-week low of $66.87 and a 52-week high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.11. Wyndham Hotels & Resorts had a return on equity of 77.43% and a net margin of 13.97%. The firm had revenue of $410.00 million during the quarter, compared to the consensus estimate of $408.99 million. During the same period last year, the company earned $1.46 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.88 EPS for the current fiscal year.

Wyndham Hotels & Resorts announced that its board has authorized a share repurchase plan on Tuesday, September 29th that allows the company to buy back $400 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 63.94%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles.

Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company's hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Wyndham Hotels & Resorts became an independent public company in 2018 through a spin-off from Wyndham Worldwide.

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