Envestnet Asset Management Inc. increased its stake in the shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH – Get Rating) by 1.3% during the 1st quarter, according to the company in its latest Form 13F filed with the Securities and Exchange Commission (SEC). The fund held 21,816 shares of the company after buying an additional 273 shares during the period. Envestnet Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,848,000 when it last filed with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently changed their stakes in the company. Lloyd Advisory Services LLC. bought a new stake in shares of Wyndham Hotels & Resorts during the first quarter worth approximately $27,000. Glassman Wealth Services increased its position in Wyndham Hotels & Resorts shares by 123.9% during the fourth quarter. Glassman Wealth Services now owns 365 shares of the company valued at $33,000 after buying 202 more shares in the last quarter. Allegheny Financial Group LTD purchased a new stake in the shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $33,000. South Dakota’s Sageworth Trust Co bought a new stake in Wyndham Hotels & Resorts stock during the fourth quarter, valued at around $35,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Wyndham Hotels & Resorts stock during the fourth quarter valued at approximately $37,000. Institutional investors hold 92.63% of the company’s shares.
Analyst upgrades and downgrades
Several equity research analysts have recently weighed in on the stock. Stifel Nicolaus cut his price target on Wyndham Hotels & Resorts shares from $99.00 to $85.50 in a Wednesday, July 6 research report. Robert W. Baird cut his price target on Wyndham Hotels & Resorts stock from $96.00 to $88.00 in a Friday, July 29 research report. Barclays assumed coverage of Wyndham Hotels & Resorts shares in a Tuesday, June 28 research report. They issued an “equal weight” rating and a price target of $77.00 on the stock. Finally, StockNews.com upgraded Wyndham Hotels & Resorts shares from a “buy” rating to a “hold” rating in a Wednesday, June 29 research report. Two investment analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.75.
Insiders place their bets
In other news, General Counsel Paul F. Cash sold 30,331 shares of the company in a trade on Wednesday, June 1. The shares were sold at an average price of $79.94, for a total transaction of $2,424,660.14. Following the completion of the sale, the General Counsel now directly owns 11,680 shares of the company, valued at $933,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. 1.91% of the shares are held by insiders.
Wyndham Hotels & Resorts Stock down 3.1%
NYSE WH opened at $70.12 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a leverage ratio of 1.89. The company has a fifty-day moving average of $68.14 and a two-hundred-day moving average of $78.10. The company has a market capitalization of $6.33 billion, a price/earnings ratio of 18.70, a PEG ratio of 1.90 and a beta of 1.48. Wyndham Hotels & Resorts, Inc. has a 52-week minimum of $62.89 and a 52-week maximum of $93.86.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 28. Shareholders of record on Wednesday, September 14 will receive a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a yield of 1.83%. The ex-dividend date is Tuesday, September 13. The Wyndham Hotels & Resorts payout ratio is 34.13%.
About Wyndham Hotels & Resorts
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Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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