North Star Asset Management Inc. Has $21.47 Million Position in Wyndham Hotels & Resorts (NYSE:WH)

North Star Asset Management Inc. reduced its holdings in Wyndham Hotels & Resorts (NYSE:WH) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,158 shares of the company’s stock after selling 7,413 shares during the period. North Star Asset Management Inc. owned approximately 0.31% of Wyndham Hotels & Resorts worth $21,465,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vestcor Inc raised its holdings in Wyndham Hotels & Resorts by 82.4% in the first quarter. Vestcor Inc now owns 6,200 shares of the company’s stock worth $561,000 after purchasing an additional 2,800 shares during the period. XTX Topco Ltd acquired a new stake in Wyndham Hotels & Resorts in the first quarter worth $620,000. Fiera Capital Corp acquired a new stake in Wyndham Hotels & Resorts in the first quarter worth $22,073,000. First National Advisers LLC acquired a new stake in Wyndham Hotels & Resorts in the first quarter worth $425,000. Finally, LPL Financial LLC grew its position in shares of Wyndham Hotels & Resorts by 45.8% in the 1st quarter. LPL Financial LLC now owns 27,149 shares of the company’s stock valued at $2,457,000 after purchasing an additional 8,527 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Wyndham Hotels & Resorts

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the transaction, the chief executive officer owned 467,394 shares of the company’s stock, valued at $40,088,383.38. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WH shares. Morgan Stanley reiterated an “overweight” rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an “overweight” rating and a $101.00 price objective for the company. The Goldman Sachs Group lowered their price objective on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.98.

Wyndham Hotels & Resorts Stock Down 1.6%

Wyndham Hotels & Resorts stock opened at $89.69 on Wednesday. The company has a market cap of $6.85 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. Wyndham Hotels & Resorts has a 1-year low of $72.14 and a 1-year high of $113.07. The company has a fifty day simple moving average of $84.25 and a 200 day simple moving average of $91.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Research analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 38.32%.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.