State of Alaska Department of Revenue raised its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Rating) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,799 shares of the company's stock after acquiring an additional 2,689 shares during the quarter. State of Alaska Department of Revenue's holdings in Wyndham Hotels & Resorts were worth $1,038,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wetherby Asset Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 5.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 2,423 shares of the company's stock valued at $205,000 after buying an additional 134 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Wyndham Hotels & Resorts by 2.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,631 shares of the company's stock valued at $646,000 after buying an additional 157 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Wyndham Hotels & Resorts by 1.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,195 shares of the company's stock valued at $1,372,000 after buying an additional 158 shares in the last quarter. AGF Investments LLC grew its stake in shares of Wyndham Hotels & Resorts by 1.7% in the 1st quarter. AGF Investments LLC now owns 9,719 shares of the company's stock valued at $823,000 after buying an additional 160 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Wyndham Hotels & Resorts by 1.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 12,323 shares of the company's stock valued at $3,414,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 90.26% of the company's stock.
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Shares of WH stock opened at $63.21 on Thursday. Wyndham Hotels & Resorts, Inc. has a 12 month low of $58.81 and a 12 month high of $93.86. The firm has a market cap of $5.71 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.47. The stock has a 50 day moving average of $67.28 and a 200-day moving average of $74.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89.
Wyndham Hotels & Resorts (NYSE:WH – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. Wyndham Hotels & Resorts had a return on equity of 32.24% and a net margin of 21.65%. The company had revenue of $386.00 million during the quarter, compared to analyst estimates of $359.23 million. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 3.63 EPS for the current year.Wyndham Hotels & Resorts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.02%. Wyndham Hotels & Resorts's payout ratio is 34.13%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Barclays assumed coverage on Wyndham Hotels & Resorts in a research note on Tuesday, June 28th. They issued an "equal weight" rating and a $77.00 price target for the company. Robert W. Baird decreased their target price on Wyndham Hotels & Resorts from $96.00 to $88.00 in a research report on Friday, July 29th. StockNews.com cut Wyndham Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. Finally, Stifel Nicolaus decreased their target price on Wyndham Hotels & Resorts from $99.00 to $85.50 in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.75.
Wyndham Hotels & Resorts Profile
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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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