Virtu Financial LLC Makes New Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Virtu Financial LLC bought a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,742 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also modified their holdings of WH. Assetmark Inc. acquired a new stake in Wyndham Hotels & Resorts during the third quarter worth about $30,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after purchasing an additional 203 shares during the period. Concord Wealth Partners boosted its position in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares during the period. Finally, Brooklyn Investment Group bought a new position in Wyndham Hotels & Resorts during the 3rd quarter worth $49,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial lifted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lifted their target price 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.56.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by insiders.

Wyndham Hotels & Resorts Stock Down 4.7 %

WH opened at $98.44 on Thursday. The stock’s fifty day moving average is $93.65 and its 200-day moving average is $81.72. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $105.16. The company has a market capitalization of $7.66 billion, a PE ratio of 31.25, a P/E/G ratio of 2.42 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share 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 company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the company earned $1.31 EPS. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

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.