WCM Investment Management LLC Sells 18,537 Shares of Wyndham Hotels & Resorts $WH

WCM Investment Management LLC lessened its stake in Wyndham Hotels & Resorts (NYSE:WH) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 269,244 shares of the company’s stock after selling 18,537 shares during the quarter. WCM Investment Management LLC’s holdings in Wyndham Hotels & Resorts were worth $21,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WH. Royal Bank of Canada lifted its holdings in Wyndham Hotels & Resorts by 31.8% during the 1st quarter. Royal Bank of Canada now owns 60,411 shares of the company’s stock worth $5,467,000 after buying an additional 14,593 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Wyndham Hotels & Resorts by 34.3% in the first quarter. Integrated Wealth Concepts LLC now owns 4,622 shares of the company’s stock valued at $418,000 after buying an additional 1,181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Wyndham Hotels & Resorts by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 248,495 shares of the company’s stock valued at $22,491,000 after acquiring an additional 18,191 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Wyndham Hotels & Resorts by 49.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the period. Finally, PFG Investments LLC raised its position in shares of Wyndham Hotels & Resorts by 9.4% during the 2nd quarter. PFG Investments LLC now owns 3,995 shares of the company’s stock valued at $324,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, General Counsel Paul F. Cash sold 36,379 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the completion of the transaction, the general counsel owned 39,123 shares of the company’s stock, valued at $2,803,554.18. This represents a 48.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott R. Strickland sold 28,134 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the completion of the sale, the insider owned 40,363 shares in the company, valued at $2,870,212.93. The trade was a 41.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 120,606 shares of company stock worth $9,047,218. Corporate insiders own 2.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Zacks Research raised Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wells Fargo & Company initiated coverage on Wyndham Hotels & Resorts in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $82.00 target price for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $76.00 price target (down from $88.00) on shares of Wyndham Hotels & Resorts in a research report on Monday, December 15th. Mizuho set a $97.00 price objective on shares of Wyndham Hotels & Resorts and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.58.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $72.41 on Tuesday. The company has a fifty day moving average price of $76.37 and a 200 day moving average price of $79.69. The firm has a market cap of $5.47 billion, a PE ratio of 16.65, a PEG ratio of 1.92 and a beta of 0.76. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43. Wyndham Hotels & Resorts has a 1-year low of $69.21 and a 1-year high of $113.07.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, December 15th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 37.70%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.