Wyndham Hotels & Resorts (NYSE:WH) Insider Sells $957,240.00 in Stock

Key Points

• Insider Scott Strickland sold 12,000 Wyndham shares for $957,240 at an average price of $79.77, reducing his holdings by 28.92% to 29,490 shares.
• Wyndham reported quarterly EPS of $1.43, beating the $1.32 consensus estimate, while revenue rose 7.3% year over year to $410 million.
• The board authorized a $400 million share repurchase plan, allowing buybacks of up to 7.6% of shares. Analysts’ consensus rating was “Moderate Buy,” with a $94.67 average price target.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) insider Scott Strickland sold 12,000 shares of the business's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $79.77, for a total value of $957,240.00. Following the sale, the insider owned 29,490 shares of the company's stock, valued at approximately $2,352,417.30. The trade was a 28.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wyndham Hotels & Resorts Trading Down 2.2%

Shares of WH traded down $1.77 during trading hours on Thursday, hitting $78.99. 813,599 shares of the stock traded hands, compared to its average volume of 1,326,386. The business has a fifty day moving average of $73.11 and a 200-day moving average of $77.87. The firm has a market capitalization of $5.76 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.98 and a beta of 0.64. Wyndham Hotels & Resorts has a 1-year low of $66.87 and a 1-year high of $90.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.69.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $1.43 EPS for the quarter, topping 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 analyst estimates of $408.99 million. During the same period last year, the company earned $1.46 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. Analysts expect that Wyndham Hotels & Resorts will post 4.88 EPS for the current year.

Wyndham Hotels & Resorts declared that its Board of Directors has initiated a share repurchase plan on Tuesday, September 29th that allows the company to buy back $400 million in shares. This repurchase authorization allows the company to buy up to 7.6% of its shares through open market purchases. Share repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Large investors have recently bought and sold shares of the company. Continuum Advisory LLC acquired a new stake in Wyndham Hotels & Resorts in the second quarter worth $36,000. Provenance Wealth Advisors LLC acquired a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth $33,000. J.Safra Asset Management Corp bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $43,000. Covestor Ltd lifted its holdings in Wyndham Hotels & Resorts by 55.4% during the third quarter. Covestor Ltd now owns 586 shares of the company's stock worth $42,000 after acquiring an additional 209 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $52,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna dropped their target price on shares of Wyndham Hotels & Resorts from $90.00 to $80.00 and set a "neutral" rating for the company in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut their price target on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Freedom Broker assumed coverage on Wyndham Hotels & Resorts in a research report on Wednesday, October 14th. They issued a "buy" rating and a $88.00 price target on the stock. Robert W. Baird decreased their price objective on Wyndham Hotels & Resorts from $96.00 to $95.00 and set an "outperform" rating for the company in a research note on Friday, October 23rd. Finally, Truist Financial dropped their price objective on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, September 10th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.67.

About Wyndham Hotels & Resorts

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.

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