PFG Investments LLC Has $271,000 Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

PFG Investments LLC increased its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,667 shares of the company’s stock after buying an additional 155 shares during the quarter. PFG Investments LLC’s holdings in Wyndham Hotels & Resorts were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares during the last quarter. TFO Wealth Partners LLC raised its stake in shares of Wyndham Hotels & Resorts by 41,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after purchasing an additional 822 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the second quarter worth approximately $67,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the second quarter worth approximately $70,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $78.09 on Friday. The stock has a fifty day simple moving average of $75.50 and a two-hundred day simple moving average of $74.05. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The business had revenue of $367.00 million during the quarter, compared to analyst estimates of $370.58 million. During the same period in the prior year, the company earned $0.93 earnings per share. Wyndham Hotels & Resorts’s revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is currently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares in the company, valued at $823,661.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 over the last three months. Company insiders own 2.79% of the company’s stock.

Wall Street Analysts Forecast Growth

WH has been the subject of several recent analyst reports. Truist Financial reduced their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a report on Friday, July 26th. Barclays upped their target price on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus reduced their target price on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Susquehanna initiated coverage on Wyndham Hotels & Resorts in a report on Friday, June 21st. They issued a “neutral” rating and a $80.00 target price for the company. Finally, StockNews.com lowered Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.43.

About Wyndham Hotels & Resorts

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.