Wyndham Hotels & Resorts (NYSE:WH) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Wyndham Hotels & Resorts (NYSE:WH) from a hold rating to a sell rating in a research report released on Saturday.

WH has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on Wyndham Hotels & Resorts from $95.00 to $91.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a report on Monday, December 29th. Mizuho set a $97.00 price objective on shares of Wyndham Hotels & Resorts and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Susquehanna decreased their price objective on shares of Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Finally, Robert W. Baird lowered their target price on shares of Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.83.

Wyndham Hotels & Resorts Stock Up 1.0%

Shares of NYSE:WH opened at $78.03 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.15 and a beta of 0.76. Wyndham Hotels & Resorts has a 12-month low of $69.21 and a 12-month high of $113.07. The business has a fifty day simple moving average of $76.58 and a 200 day simple moving average of $79.29. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.43.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.64 annualized dividend and a yield of 2.1%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 37.70%.

Insiders Place Their Bets

In other news, General Counsel Paul F. Cash sold 36,379 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $71.66, for a total transaction of $2,606,919.14. Following the transaction, the general counsel owned 39,123 shares of the company’s stock, valued at $2,803,554.18. This represents a 48.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total value of $2,000,608.74. Following the completion of the sale, the insider owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 120,606 shares of company stock worth $9,047,218. 2.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WH. Champlain Investment Partners LLC boosted its position in shares of Wyndham Hotels & Resorts by 352.8% during the third quarter. Champlain Investment Partners LLC now owns 2,212,717 shares of the company’s stock valued at $176,796,000 after buying an additional 1,724,091 shares during the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at $109,337,000. Long Pond Capital LP raised its position in Wyndham Hotels & Resorts by 545.8% in the 2nd quarter. Long Pond Capital LP now owns 1,505,781 shares of the company’s stock valued at $122,284,000 after buying an additional 1,272,628 shares during the last quarter. Capital International Investors lifted its stake in Wyndham Hotels & Resorts by 77.1% during the 3rd quarter. Capital International Investors now owns 1,755,465 shares of the company’s stock valued at $140,262,000 after acquiring an additional 764,312 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Wyndham Hotels & Resorts by 14,440.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 756,824 shares of the company’s stock worth $57,186,000 after acquiring an additional 751,619 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.