Wyndham Hotels & Resorts (NYSE:WH) Shares Gap Down to $49.65

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Wyndham Hotels & Resorts Inc (NYSE:WH)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $46.30, but opened at $49.65. Wyndham Hotels & Resorts shares last traded at $49.34, with a volume of 22,343 shares changing hands.

WH has been the topic of a number of analyst reports. Barclays initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $72.00 price objective on the stock. Zacks Investment Research lowered shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They issued a “buy” rating and a $62.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Wyndham Hotels & Resorts has an average rating of “Buy” and a consensus target price of $67.71.

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $57.38 and a 200 day simple moving average of $54.45. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.46 and a beta of 1.03.

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

In related news, insider Nicola Rossi sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $55.46, for a total transaction of $83,190.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Pauline Richards sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $55.72, for a total value of $557,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,975 shares of company stock worth $891,527. 1.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Boston Partners grew its stake in Wyndham Hotels & Resorts by 2.9% during the 1st quarter. Boston Partners now owns 5,715,052 shares of the company’s stock worth $285,695,000 after buying an additional 163,327 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Wyndham Hotels & Resorts by 12.9% in the second quarter. JPMorgan Chase & Co. now owns 2,591,788 shares of the company’s stock worth $144,881,000 after purchasing an additional 295,411 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Wyndham Hotels & Resorts by 0.5% in the second quarter. Bessemer Group Inc. now owns 2,560,951 shares of the company’s stock worth $142,746,000 after purchasing an additional 11,481 shares in the last quarter. Jackson Square Partners LLC grew its stake in shares of Wyndham Hotels & Resorts by 7.2% in the first quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock worth $103,301,000 after purchasing an additional 139,472 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Wyndham Hotels & Resorts by 114.7% in the second quarter. Invesco Ltd. now owns 1,268,421 shares of the company’s stock worth $70,702,000 after purchasing an additional 677,607 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile (NYSE:WH)

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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