Wyndham Hotels & Resorts, Inc. (NYSE:WH) was the target of a large growth in short interest in the month of May. As of May 28th, there was short interest totalling 2,870,000 shares, a growth of 34.1% from the May 13th total of 2,140,000 shares. Approximately 3.1% of the company's stock are short sold. Based on an average daily volume of 665,100 shares, the short-interest ratio is currently 4.3 days.
NYSE:WH traded down $0.39 during trading hours on Wednesday, hitting $73.96. 6,654 shares of the company were exchanged, compared to its average volume of 733,018. The stock has a market cap of $6.91 billion, a PE ratio of -53.49 and a beta of 1.79. Wyndham Hotels & Resorts has a 52-week low of $39.70 and a 52-week high of $78.13. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50 day moving average is $74.12.
Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.11. Wyndham Hotels & Resorts had a negative net margin of 10.89% and a positive return on equity of 8.62%. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $334.52 million. During the same quarter in the previous year, the firm earned $0.50 EPS. Wyndham Hotels & Resorts's revenue was down 26.1% compared to the same quarter last year. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 2.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, June 15th. Wyndham Hotels & Resorts's payout ratio is 62.14%.
A number of research analysts have commented on WH shares. Jefferies Financial Group raised their target price on shares of Wyndham Hotels & Resorts from $85.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Wyndham Hotels & Resorts from $67.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 21st. Truist lifted their price objective on shares of Wyndham Hotels & Resorts from $68.00 to $81.00 in a research report on Friday, April 30th. Oppenheimer lifted their price objective on shares of Wyndham Hotels & Resorts from $70.00 to $80.00 in a research report on Thursday, April 29th. Finally, Zacks Investment Research downgraded shares of Wyndham Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Saturday, May 1st. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $68.71.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Wyndham Hotels & Resorts during the 1st quarter valued at approximately $28,000. NEXT Financial Group Inc lifted its stake in shares of Wyndham Hotels & Resorts by 70.2% in the 4th quarter. NEXT Financial Group Inc now owns 417 shares of the company's stock valued at $25,000 after purchasing an additional 172 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Wyndham Hotels & Resorts in the 1st quarter valued at $56,000. Parallel Advisors LLC lifted its stake in shares of Wyndham Hotels & Resorts by 152.5% in the 1st quarter. Parallel Advisors LLC now owns 1,159 shares of the company's stock valued at $81,000 after purchasing an additional 700 shares during the period. Finally, Childress Capital Advisors LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $75,000. Institutional investors and hedge funds own 93.37% of the company's stock.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited service hotels.
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