Teachers Retirement System of The State of Kentucky Lowers Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Teachers Retirement System of The State of Kentucky lessened its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,095 shares of the company’s stock after selling 4,078 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Wyndham Hotels & Resorts worth $3,915,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its stake in Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock valued at $136,533,000 after purchasing an additional 506,593 shares in the last quarter. Natixis Advisors LLC raised its stake in Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company’s stock valued at $2,699,000 after purchasing an additional 9,463 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Wyndham Hotels & Resorts by 15.0% during the third quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company’s stock valued at $5,027,000 after purchasing an additional 8,389 shares in the last quarter. Impax Asset Management Group plc raised its stake in Wyndham Hotels & Resorts by 35.0% during the third quarter. Impax Asset Management Group plc now owns 135,000 shares of the company’s stock valued at $10,549,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Kiltearn Partners LLP raised its stake in Wyndham Hotels & Resorts by 32.9% during the third quarter. Kiltearn Partners LLP now owns 62,400 shares of the company’s stock valued at $4,876,000 after purchasing an additional 15,458 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday. Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company assumed 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 objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.56.

Insider Buying and Selling

In related news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock valued at $8,881,849 over the last three months. 2.79% of the stock is owned by company insiders.

Wyndham Hotels & Resorts Trading Down 0.3 %

NYSE WH opened at $103.34 on Friday. The company’s 50-day moving average price is $92.21 and its 200-day moving average price is $80.94. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The stock has a market cap of $8.04 billion, a PE ratio of 32.81, a PEG ratio of 2.43 and a beta of 1.32. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $105.12.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Wyndham Hotels & Resorts Company 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.