BlackRock Inc. cut its stake in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,892,525 shares of the company’s stock after selling 69,459 shares during the period. BlackRock Inc. owned about 8.97% of Wyndham Hotels & Resorts worth $494,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Keybank National Association OH grew its position in Wyndham Hotels & Resorts by 24.4% during the third quarter. Keybank National Association OH now owns 5,493 shares of the company’s stock valued at $305,000 after purchasing an additional 1,078 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in Wyndham Hotels & Resorts by 86.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 2,370 shares of the company’s stock valued at $134,000 after purchasing an additional 1,102 shares in the last quarter. Raymond James Trust N.A. grew its position in Wyndham Hotels & Resorts by 23.2% during the third quarter. Raymond James Trust N.A. now owns 6,684 shares of the company’s stock valued at $372,000 after purchasing an additional 1,258 shares in the last quarter. Pillar Pacific Capital Management LLC grew its position in Wyndham Hotels & Resorts by 4.3% during the third quarter. Pillar Pacific Capital Management LLC now owns 36,686 shares of the company’s stock valued at $2,038,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Oakbrook Investments LLC grew its position in Wyndham Hotels & Resorts by 32.1% during the third quarter. Oakbrook Investments LLC now owns 7,000 shares of the company’s stock valued at $389,000 after purchasing an additional 1,700 shares in the last quarter. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WH opened at $49.58 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.47. Wyndham Hotels & Resorts Inc has a 12-month low of $43.54 and a 12-month high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Tuesday, October 30th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $561.42 million. Wyndham Hotels & Resorts had a net margin of 12.90% and a return on equity of 22.08%. The firm’s revenue for the quarter was up 74.1% compared to the same quarter last year. Sell-side analysts anticipate that Wyndham Hotels & Resorts Inc will post 2.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, December 13th.

In other news, insider Stephen P. Holmes sold 30,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $46.44, for a total value of $1,393,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen P. Holmes sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $46.85, for a total transaction of $937,000.00. The disclosure for this sale can be found here. Insiders sold 100,000 shares of company stock valued at $4,692,700 over the last quarter.

WH has been the topic of a number of research analyst reports. Longbow Research initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, September 7th. They set a “buy” rating and a $77.00 price objective on the stock. Zacks Investment Research raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Wolfe Research raised shares of Wyndham Hotels & Resorts from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 10th. Oppenheimer set a $69.00 price objective on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research report on Tuesday, October 30th. Finally, Goldman Sachs Group downgraded shares of Wyndham Hotels & Resorts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $73.29.

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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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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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