Traders Purchase High Volume of Wyndham Hotels & Resorts Call Options (NYSE:WH)

Wyndham Hotels & Resorts Inc (NYSE:WH) saw some unusual options trading activity on Thursday. Stock investors bought 5,939 call options on the stock. This is an increase of approximately 2,540% compared to the typical volume of 225 call options.

WH stock opened at $49.94 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.24 and a quick ratio of 1.24. Wyndham Hotels & Resorts has a one year low of $43.03 and a one year high of $61.49. The stock has a market cap of $4.87 billion, a PE ratio of 18.43, a P/E/G ratio of 1.42 and a beta of 1.03. The firm has a 50 day simple moving average of $57.26 and a two-hundred day simple moving average of $54.42.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $533.00 million during the quarter, compared to analyst estimates of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. On average, research analysts expect that Wyndham Hotels & Resorts will post 3.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.32%. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, June 12th. They issued a “buy” rating and a $62.00 price target for the company. Finally, Barclays assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $72.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.71.

In other Wyndham Hotels & Resorts news, insider Nicola Rossi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $55.46, for a total value of $83,190.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald L. Nelson purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $49.95 per share, with a total value of $499,500.00. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Wyndham Hotels & Resorts by 30.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 788,405 shares of the company’s stock valued at $35,770,000 after buying an additional 184,018 shares during the period. Geode Capital Management LLC lifted its stake in shares of Wyndham Hotels & Resorts by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 937,826 shares of the company’s stock valued at $42,549,000 after buying an additional 53,343 shares during the period. Sciencast Management LP bought a new stake in shares of Wyndham Hotels & Resorts in the first quarter valued at about $378,000. Raymond James Trust N.A. lifted its stake in shares of Wyndham Hotels & Resorts by 9.7% in the first quarter. Raymond James Trust N.A. now owns 8,568 shares of the company’s stock valued at $429,000 after buying an additional 756 shares during the period. Finally, Investec Asset Management PTY Ltd lifted its stake in shares of Wyndham Hotels & Resorts by 2.7% in the first quarter. Investec Asset Management PTY Ltd now owns 12,315 shares of the company’s stock valued at $615,000 after buying an additional 321 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

About Wyndham Hotels & Resorts

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.

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