Brooklyn Investment Group Takes Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Brooklyn Investment Group acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 625 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after purchasing an additional 147 shares in the last quarter. PFG Investments LLC lifted its holdings in Wyndham Hotels & Resorts by 4.4% in the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock valued at $271,000 after purchasing an additional 155 shares in the last quarter. Equitable Trust Co. lifted its holdings in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after purchasing an additional 174 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock valued at $717,000 after purchasing an additional 175 shares in the last quarter. Finally, First Horizon Advisors Inc. increased 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 worth $36,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Up 0.6 %

Shares of NYSE:WH opened at $98.18 on Friday. The business has a 50-day moving average price of $87.37 and a 200 day moving average price of $78.61. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.48 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $99.11.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same period last year, the business posted $1.31 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 48.25%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Robert W. Baird raised their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Oppenheimer raised their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Truist Financial raised their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Insider Activity at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This trade represents a 32.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock worth $9,273,255 in the last three months. 2.79% of the stock is owned by company insiders.

About Wyndham Hotels & Resorts

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.