OLD National Bancorp IN Sells 2,387 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

OLD National Bancorp IN lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 42.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,193 shares of the company’s stock after selling 2,387 shares during the quarter. OLD National Bancorp IN’s holdings in Wyndham Hotels & Resorts were worth $257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Wyndham Hotels & Resorts by 62.6% in the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares in the last quarter. Systematic Alpha Investments LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at $37,000. Chilton Capital Management LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $47,000. Covestor Ltd boosted 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 purchasing an additional 330 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Wyndham Hotels & Resorts by 24.1% in the 4th quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock valued at $85,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction that occurred on 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 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 SEC, which is available through the SEC website. 2.79% of the stock is owned by company insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $75.41 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $6.11 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 1.35. The stock has a 50-day moving average of $75.59 and a 200-day moving average of $76.67. Wyndham Hotels & Resorts, Inc. has a one year low of $63.69 and a one year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $308.24 million. Wyndham Hotels & Resorts had a return on equity of 39.89% and a net margin of 17.19%. Wyndham Hotels & Resorts’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. As a group, sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.19 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. Wyndham Hotels & Resorts’s dividend payout ratio is 53.90%.

Analyst Upgrades and Downgrades

WH has been the topic of several research reports. Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. StockNews.com initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, April 19th. They set a “hold” rating on the stock. Finally, Barclays reduced their price target on shares of Wyndham Hotels & Resorts from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

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.