Short Interest in Wyndham Hotels & Resorts, Inc. (NYSE:WH) Declines By 35.4%

Wyndham Hotels & Resorts, Inc. (NYSE:WH) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,030,000 shares, a decrease of 35.4% from the December 31st total of 3,140,000 shares. Based on an average trading volume of 791,400 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.7% of the shares of the company are sold short.

Insider Activity

In other news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.79% of the stock is owned by company insiders.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in WH. Trust Co. of Vermont boosted its holdings in Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Assetmark Inc. bought a new position in Wyndham Hotels & Resorts in the third quarter valued at about $30,000. UMB Bank n.a. boosted its holdings in Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Wyndham Hotels & Resorts by 86.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after acquiring an additional 190 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Wyndham Hotels & Resorts by 76.9% in the third quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after acquiring an additional 203 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on WH shares. Oppenheimer upped their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial increased their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.10.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH opened at $105.24 on Wednesday. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $106.28. The firm has a market cap of $8.19 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day moving average of $101.09 and a 200-day moving average of $87.81.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.38 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.