Raymond James & Associates Sells 15,248 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Raymond James & Associates lowered its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,213 shares of the company's stock after selling 15,248 shares during the period. Raymond James & Associates owned approximately 0.07% of Wyndham Hotels & Resorts worth $4,601,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in shares of Wyndham Hotels & Resorts by 139.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company's stock valued at $31,000 after acquiring an additional 255 shares during the period. Money Concepts Capital Corp purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $33,000. Systematic Alpha Investments LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at $46,000. Finally, Covestor Ltd raised its stake in shares of Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company's stock valued at $57,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday. They issued a "hold" rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and an average price target of $88.50.

Insider Activity

In other news, CAO Nicola Rossi sold 3,200 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,404 shares of the company's stock, valued at approximately $900,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Stock Down 1.8 %

WH traded down $1.29 during trading hours on Friday, reaching $72.17. 448,834 shares of the stock traded hands, compared to its average volume of 651,868. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 3.32 and a beta of 1.35. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The firm's fifty day simple moving average is $76.93 and its two-hundred day simple moving average is $76.50.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. As a group, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.22 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 2.11%. Wyndham Hotels & Resorts's payout ratio is 44.71%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. 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.