HighTower Advisors LLC Has $683,000 Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

HighTower Advisors LLC lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,692 shares of the company’s stock after selling 2,733 shares during the period. HighTower Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $683,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Wyndham Hotels & Resorts by 11.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock worth $467,000 after purchasing an additional 627 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after buying an additional 635 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Wyndham Hotels & Resorts by 10.7% in the second quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock valued at $5,525,000 after acquiring an additional 7,226 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Wyndham Hotels & Resorts by 19.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,418,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Wyndham Hotels & Resorts during the second quarter worth $211,000. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $99.71 on Friday. The firm has a market cap of $7.76 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The company’s 50 day moving average is $94.05 and its 200-day moving average is $81.85. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $105.16.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.52%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WH shares. JPMorgan Chase & Co. upped their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Wells Fargo & Company started coverage on shares of Wyndham Hotels & Resorts in a research report on Thursday, December 5th. They set an “equal weight” rating and a $103.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Oppenheimer increased their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.56.

Insiders Place Their Bets

In other news, insider Scott R. Strickland sold 2,850 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the transaction, the insider now owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock worth $8,881,849 in the last quarter. 2.79% of the stock is owned by company insiders.

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.