Allworth Financial LP Increases Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Allworth Financial LP lifted its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395 shares of the company’s stock after purchasing an additional 152 shares during the period. Allworth Financial LP’s holdings in Wyndham Hotels & Resorts were worth $32,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after purchasing an additional 3,002,259 shares during the last quarter. Morgan Stanley increased its holdings in Wyndham Hotels & Resorts by 170.2% during the 4th quarter. Morgan Stanley now owns 1,472,876 shares of the company’s stock valued at $105,031,000 after acquiring an additional 927,864 shares in the last quarter. Norges Bank acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth about $63,560,000. JPMorgan Chase & Co. lifted its holdings in shares of Wyndham Hotels & Resorts by 162.3% in the third quarter. JPMorgan Chase & Co. now owns 982,185 shares of the company’s stock valued at $68,301,000 after purchasing an additional 607,709 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Wyndham Hotels & Resorts by 55.2% in the third quarter. Invesco Ltd. now owns 1,337,980 shares of the company’s stock valued at $93,043,000 after purchasing an additional 475,682 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Down 1.8 %

WH stock opened at $72.17 on Monday. Wyndham Hotels & Resorts, Inc. has a one year low of $63.69 and a one year high of $81.73. The stock has a market capitalization of $5.85 billion, a P/E ratio of 21.23, a PEG ratio of 3.28 and a beta of 1.35. The company has a 50 day moving average price of $76.93 and a two-hundred day moving average price of $76.60. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.81 and a current ratio of 0.81.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 14th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Wyndham Hotels & Resorts had a return on equity of 39.91% and a net margin of 20.74%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $321.35 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.22 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.11%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Wyndham Hotels & Resorts’s payout ratio is presently 44.71%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total transaction of $252,800.00. Following the completion of the sale, the chief accounting officer now owns 11,404 shares of the company’s stock, valued at $900,916. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research report on Thursday. They set a “hold” rating for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

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.