Treasurer of the State of North Carolina boosted its position in Wyndham Hotels & Resorts Inc (NYSE:WH) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,006 shares of the company’s stock after purchasing an additional 5,540 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Wyndham Hotels & Resorts were worth $2,564,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $25,000. Prestige Wealth Management Group LLC purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $39,000. Coastal Capital Group Inc. purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $41,000. Country Trust Bank grew its holdings in Wyndham Hotels & Resorts by 100.0% in the 2nd quarter. Country Trust Bank now owns 800 shares of the company’s stock valued at $42,000 after buying an additional 400 shares in the last quarter. Finally, Coastal Investment Advisors Inc. purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $49,000. 91.90% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Ronald L. Nelson bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David B. Wyshner bought 2,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $50.37 per share, with a total value of $100,740.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,000 shares of company stock valued at $1,102,840 over the last 90 days. 1.90% of the stock is currently owned by company insiders.
WH has been the subject of several analyst reports. Zacks Investment Research cut Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. TheStreet upgraded Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, August 26th. Robert W. Baird began coverage on Wyndham Hotels & Resorts in a report on Wednesday, August 21st. They set an “outperform” rating and a $62.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Finally, Barclays began coverage on Wyndham Hotels & Resorts in a report on Tuesday, July 2nd. They set an “overweight” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.38.
NYSE WH opened at $49.83 on Wednesday. The stock has a market cap of $4.93 billion, a PE ratio of 18.39, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $61.49. The stock has a fifty day simple moving average of $51.78 and a 200-day simple moving average of $54.32.
Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a return on equity of 19.91% and a net margin of 6.94%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Research analysts predict that Wyndham Hotels & Resorts Inc will post 3.19 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Thursday, September 12th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 42.80%.
Wyndham Hotels & Resorts Profile
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.
See Also: What is the quiet period?
Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.