Wyndham Hotels & Resorts Inc (WH) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan trimmed its holdings in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 34,937 shares of the company’s stock after selling 400 shares during the period. State Treasurer State of Michigan’s holdings in Wyndham Hotels & Resorts were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Investec Asset Management LTD grew its holdings in Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Investec Asset Management LTD now owns 1,619,816 shares of the company’s stock valued at $73,491,000 after purchasing an additional 24,568 shares during the period. MUFG Securities EMEA plc bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $5,853,000. California State Teachers Retirement System grew its holdings in Wyndham Hotels & Resorts by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 157,792 shares of the company’s stock valued at $7,159,000 after purchasing an additional 3,634 shares during the period. Northern Capital Management LLC grew its holdings in Wyndham Hotels & Resorts by 7.0% during the fourth quarter. Northern Capital Management LLC now owns 62,765 shares of the company’s stock valued at $2,848,000 after purchasing an additional 4,105 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at $9,518,000. 92.34% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Friday, May 3rd. Jefferies Financial Group set a $72.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Oppenheimer set a $69.00 price objective on Wyndham Hotels & Resorts and gave the company a “buy” rating in a report on Thursday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.88.

In related news, insider Nicola Rossi sold 2,000 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $56.20, for a total transaction of $112,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen P. Holmes sold 75,000 shares of Wyndham Hotels & Resorts stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $56.16, for a total value of $4,212,000.00. The disclosure for this sale can be found here. Insiders sold 104,000 shares of company stock valued at $5,769,150 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Shares of Wyndham Hotels & Resorts stock traded up $0.80 during trading hours on Tuesday, reaching $54.66. The company had a trading volume of 8,216 shares, compared to its average volume of 1,000,890. Wyndham Hotels & Resorts Inc has a one year low of $43.03 and a one year high of $66.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $5.39 billion and a P/E ratio of 20.07.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. Wyndham Hotels & Resorts had a return on equity of 18.80% and a net margin of 7.03%. The firm had revenue of $468.00 million during the quarter, compared to analyst estimates of $448.71 million. During the same period last year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 55.0% on a year-over-year basis. Sell-side analysts expect that Wyndham Hotels & Resorts Inc will post 3.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, June 13th. Wyndham Hotels & Resorts’s payout ratio is currently 42.80%.

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Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

Read More: Stock Symbol

Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts Inc (NYSE:WH).

Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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