Stock Traders Purchase High Volume of Wyndham Hotels & Resorts Call Options (NYSE:WH)

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Wyndham Hotels & Resorts Inc (NYSE:WH) saw some unusual options trading activity on Wednesday. Traders purchased 6,005 call options on the company. This represents an increase of 6,802% compared to the typical volume of 87 call options.

A number of research analysts have weighed in on WH shares. Goldman Sachs Group upgraded shares of Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a research report on Monday, June 25th. Longbow Research started coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, September 7th. They issued a “buy” rating and a $77.00 price objective for the company. Wolfe Research downgraded shares of Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Finally, UBS Group raised shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.29.

In other news, insider Geoffrey A. Ballotti acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was acquired at an average price of $61.48 per share, for a total transaction of $614,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David B. Wyshner acquired 3,669 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was purchased at an average price of $54.52 per share, with a total value of $200,033.88. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at about $113,000. Squar Milner Financial Services LLC purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at about $115,000. CENTRAL TRUST Co purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at about $134,000. Tower Research Capital LLC TRC purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at about $145,000. Finally, Cutler Group LP purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at about $147,000. 86.90% of the stock is owned by institutional investors.

Shares of WH stock traded up $0.85 on Friday, reaching $50.77. 965,485 shares of the company were exchanged, compared to its average volume of 1,053,763. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 1.15. Wyndham Hotels & Resorts has a 1 year low of $49.68 and a 1 year high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, August 1st. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $514.63 million. Wyndham Hotels & Resorts’s revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Wyndham Hotels & Resorts will post 2.87 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.00 annualized dividend and a yield of 1.97%.

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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