Leith Wheeler Investment Counsel Ltd. Lowers Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Leith Wheeler Investment Counsel Ltd. lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,366 shares of the company’s stock after selling 250 shares during the period. Wyndham Hotels & Resorts comprises about 1.1% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 20th largest position. Leith Wheeler Investment Counsel Ltd. owned about 0.12% of Wyndham Hotels & Resorts worth $7,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WH. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 2.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company’s stock valued at $646,000 after purchasing an additional 157 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Wyndham Hotels & Resorts by 5.4% in the first quarter. HighTower Advisors LLC now owns 6,609 shares of the company’s stock valued at $558,000 after purchasing an additional 340 shares during the last quarter. Citigroup Inc. grew its position in Wyndham Hotels & Resorts by 7.8% during the first quarter. Citigroup Inc. now owns 38,595 shares of the company’s stock valued at $3,268,000 after buying an additional 2,783 shares during the period. Panagora Asset Management Inc. bought a new position in Wyndham Hotels & Resorts during the first quarter valued at about $1,358,000. Finally, APG Asset Management N.V. bought a new position in Wyndham Hotels & Resorts during the first quarter valued at about $723,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CMO Lisa Checchio sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $76.90, for a total value of $461,400.00. Following the completion of the transaction, the chief marketing officer now owns 13,692 shares in the company, valued at approximately $1,052,914.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

WH stock traded down $1.55 during midday trading on Friday, reaching $66.47. 1,347,934 shares of the company’s stock traded hands, compared to its average volume of 686,220. The firm has a market capitalization of $5.74 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. The company has a 50-day moving average price of $75.39 and a two-hundred day moving average price of $71.33. Wyndham Hotels & Resorts, Inc. has a 52 week low of $58.81 and a 52 week high of $93.86. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.34 and a current ratio of 1.34.

Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $324.33 million. Wyndham Hotels & Resorts had a return on equity of 33.61% and a net margin of 23.70%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 3.98 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.40 annualized dividend and a yield of 2.11%. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.32. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 35.90%.

Analysts Set New Price Targets

WH has been the subject of several research reports. Barclays reduced their price target on shares of Wyndham Hotels & Resorts from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, January 20th. Morgan Stanley increased their price target on shares of Wyndham Hotels & Resorts from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, February 7th. Truist Financial increased their price target on shares of Wyndham Hotels & Resorts from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Redburn Partners initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, November 30th. They set a “neutral” rating for the company. Finally, Robert W. Baird reduced their price target on shares of Wyndham Hotels & Resorts from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, March 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Wyndham Hotels & Resorts Company Profile

(Get Rating)

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.