Geoffrey A. Ballotti Purchases 10,000 Shares of Wyndham Hotels & Resorts Inc (NYSE:WH) Stock

Wyndham Hotels & Resorts Inc (NYSE:WH) insider Geoffrey A. Ballotti bought 10,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $50.26 per share, with a total value of $502,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of WH opened at $50.73 on Wednesday. Wyndham Hotels & Resorts Inc has a 12 month low of $43.03 and a 12 month high of $61.49. The firm has a fifty day simple moving average of $56.82 and a 200 day simple moving average of $54.37. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.30 and a beta of 1.03. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.62.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, research analysts predict that Wyndham Hotels & Resorts Inc will post 3.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 12th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 42.80%.

Several research analysts recently commented on WH shares. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Bank of America started coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, June 12th. They set a “buy” rating and a $62.00 target price for the company. Stifel Nicolaus set a $65.00 target price on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Barclays started coverage on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 2nd. They set an “overweight” rating and a $72.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $68.14.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Wyndham Hotels & Resorts by 1,406.9% during the second quarter. Royal Bank of Canada now owns 20,222 shares of the company’s stock worth $1,128,000 after acquiring an additional 18,880 shares during the period. Verition Fund Management LLC increased its position in Wyndham Hotels & Resorts by 62.7% during the second quarter. Verition Fund Management LLC now owns 10,665 shares of the company’s stock worth $594,000 after acquiring an additional 4,108 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Wyndham Hotels & Resorts by 82.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,374 shares of the company’s stock worth $411,000 after buying an additional 3,334 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in Wyndham Hotels & Resorts during the second quarter worth about $39,000. Finally, Nuveen Asset Management LLC acquired a new stake in Wyndham Hotels & Resorts during the second quarter worth about $26,401,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Insider Buying and Selling by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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