UBS Oconnor LLC Makes New $6.56 Million Investment in Wyndham Hotels & Resorts Inc (NYSE:WH)

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UBS Oconnor LLC bought a new position in Wyndham Hotels & Resorts Inc (NYSE:WH) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 117,700 shares of the company’s stock, valued at approximately $6,561,000.

Several other institutional investors have also bought and sold shares of WH. Hanson & Doremus Investment Management bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth $25,000. Coastal Capital Group Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth $41,000. Country Trust Bank increased its holdings in shares of Wyndham Hotels & Resorts by 100.0% in the 2nd quarter. Country Trust Bank now owns 800 shares of the company’s stock worth $42,000 after purchasing an additional 400 shares in the last quarter. Coastal Investment Advisors Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter worth $49,000. Finally, Advisory Services Network LLC increased its holdings in shares of Wyndham Hotels & Resorts by 264.6% in the 2nd quarter. Advisory Services Network LLC now owns 977 shares of the company’s stock worth $54,000 after purchasing an additional 709 shares in the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.

WH has been the subject of a number of research analyst reports. Bank of America initiated coverage on Wyndham Hotels & Resorts in a report on Wednesday, June 12th. They issued a “buy” rating and a $62.00 target price for the company. Stifel Nicolaus set a $65.00 target price on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. reduced their target price on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Zacks Investment Research lowered Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, TheStreet raised Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.38.

Shares of WH traded up $0.19 during trading hours on Thursday, hitting $53.08. The stock had a trading volume of 14,390 shares, compared to its average volume of 750,201. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.24 and a quick ratio of 1.24. Wyndham Hotels & Resorts Inc has a 12 month low of $43.03 and a 12 month high of $61.49. The firm has a market capitalization of $5.13 billion, a PE ratio of 19.60, a PEG ratio of 1.39 and a beta of 1.07. The stock has a fifty day moving average price of $52.59 and a 200 day moving average price of $54.36.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 12th. Wyndham Hotels & Resorts’s payout ratio is currently 42.80%.

In related news, Director Ronald L. Nelson bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $49.95 per share, for a total transaction of $499,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David B. Wyshner bought 2,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $50.37 per share, for a total transaction of $100,740.00. The disclosure for this purchase can be found here. Insiders purchased 22,000 shares of company stock valued at $1,102,840 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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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