Wyndham Hotels & Resorts, Inc. (NYSE:WH) Stock Position Decreased by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 1,347,959 shares of the company’s stock after selling 8,333 shares during the period. Geode Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $105,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Wyndham Hotels & Resorts by 86.4% during 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 in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Concord Wealth Partners increased its stake in shares of Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Wyndham Hotels & Resorts during the third quarter worth $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

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

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. On average, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Analysts Set New Price Targets

Several research analysts recently commented on WH shares. JPMorgan Chase & Co. lifted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Oppenheimer increased their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

Insider Activity

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares in the company, valued at approximately $33,343,424.71. This trade represents a 17.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michele Allen sold 15,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total value of $1,349,850.00. Following the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. The trade was a 59.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,850 shares of company stock worth $8,881,849. 2.79% of the stock is owned by corporate insiders.

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.