Insider Selling: Wyndham Hotels & Resorts (NYSE:WH) Insider Sells $957,240.00 in Stock

Wyndham Hotels & Resorts (NYSE:WH) insider Scott Strickland sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $79.77, for a total value of $957,240.00. Following the completion of the transaction, the insider owned 29,490 shares of the company’s stock, valued at $2,352,417.30. This represents a 28.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Wyndham Hotels & Resorts Stock Down 2.2%

NYSE WH traded down $1.77 during trading hours on Thursday, reaching $78.99. 813,599 shares of the company’s stock were exchanged, compared to its average volume of 1,326,386. The company has a debt-to-equity ratio of 5.69, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.98 and a beta of 0.64. The company’s 50-day moving average is $73.11 and its two-hundred day moving average is $77.87. Wyndham Hotels & Resorts has a one year low of $66.87 and a one year high of $90.35.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $410.00 million for the quarter, compared to analyst estimates of $408.99 million. Wyndham Hotels & Resorts had a net margin of 13.97% and a return on equity of 77.43%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, analysts forecast that Wyndham Hotels & Resorts will post 4.88 EPS for the current fiscal year.

Wyndham Hotels & Resorts announced that its Board of Directors has approved a share repurchase program on Tuesday, September 29th that authorizes the company to buy back $400 million in shares. This buyback authorization authorizes the company to buy up to 7.6% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Wyndham Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter worth $623,573,000. Dimensional Fund Advisors LP grew its holdings in shares of Wyndham Hotels & Resorts by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,371,183 shares of the company’s stock valued at $111,379,000 after acquiring an additional 29,422 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $100,648,000. Bank of New York Mellon Corp acquired a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at about $56,860,000. Finally, Bank of America Corp DE bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $47,811,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on WH shares. Wells Fargo & Company boosted their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Wyndham Hotels & Resorts in a report on Thursday, July 23rd. Barclays dropped their price target on Wyndham Hotels & Resorts from $102.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Freedom Broker started coverage on Wyndham Hotels & Resorts in a report on Wednesday, October 14th. They issued a “buy” rating and a $88.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles. Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company’s hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.