New Mexico Educational Retirement Board trimmed its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,500 shares of the company's stock after selling 4,800 shares during the period. New Mexico Educational Retirement Board's holdings in Wyndham Hotels & Resorts were worth $953,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Equitable Trust Co. grew its holdings in shares of Wyndham Hotels & Resorts by 50.0% during the 2nd quarter. Equitable Trust Co. now owns 5,691 shares of the company's stock valued at $374,000 after acquiring an additional 1,898 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of Wyndham Hotels & Resorts by 0.6% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 99,166 shares of the company's stock valued at $8,390,000 after acquiring an additional 550 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $277,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 5.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,144 shares of the company's stock valued at $1,127,000 after acquiring an additional 949 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Wyndham Hotels & Resorts by 20.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,799 shares of the company's stock valued at $1,038,000 after acquiring an additional 2,689 shares in the last quarter. 90.26% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several research firms have recently commented on WH. Barclays began coverage on shares of Wyndham Hotels & Resorts in a report on Tuesday, June 28th. They set an "equal weight" rating and a $77.00 price target on the stock. StockNews.com lowered shares of Wyndham Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday, June 29th. Stifel Nicolaus reduced their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $85.50 in a research note on Wednesday, July 6th. Finally, Robert W. Baird reduced their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $88.00 in a research note on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.75.
Wyndham Hotels & Resorts Stock Up 3.7 %
Wyndham Hotels & Resorts stock opened at $64.48 on Wednesday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.65 and a beta of 1.43. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $58.81 and a fifty-two week high of $93.86. The firm has a fifty day moving average price of $66.69 and a two-hundred day moving average price of $73.43.
Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last released its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. The firm had revenue of $386.00 million during the quarter, compared to analyst estimates of $359.23 million. Wyndham Hotels & Resorts had a net margin of 21.65% and a return on equity of 32.24%. As a group, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 3.63 earnings per share for the current year.
Wyndham Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Tuesday, September 13th. Wyndham Hotels & Resorts's dividend payout ratio is 34.13%.
About Wyndham Hotels & Resorts
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Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.
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