Wyndham Hotels & Resorts, Inc. (NYSE:WH) Short Interest Update
Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Free Report) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,880,000 shares, a decrease of 17.2% from the October 31st total of 3,480,000 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 868,200 shares, the short-interest ratio is currently 3.3 days.
Institutional Trading of Wyndham Hotels & Resorts
Hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of Wyndham Hotels & Resorts by 65.5% in the 2nd quarter. Allworth Financial LP now owns 412 shares of the company’s stock valued at $28,000 after purchasing an additional 163 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Wyndham Hotels & Resorts by 139.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 255 shares during the period. Money Concepts Capital Corp purchased a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $33,000. Systematic Alpha Investments LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $37,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Wyndham Hotels & Resorts in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on WH shares. HSBC started coverage on Wyndham Hotels & Resorts in a research report on Monday, October 23rd. They set a “buy” rating and a $87.00 price objective on the stock. Morgan Stanley upped their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. StockNews.com assumed coverage on Wyndham Hotels & Resorts in a research report on Monday, November 27th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.
View Our Latest Stock Analysis on WH
Wyndham Hotels & Resorts Trading Up 2.1 %
Shares of NYSE WH opened at $78.99 on Friday. The stock has a market capitalization of $6.55 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 7.56 and a beta of 1.35. The business has a fifty day moving average price of $73.33 and a 200 day moving average price of $72.81. Wyndham Hotels & Resorts has a 1-year low of $63.69 and a 1-year high of $81.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.07 and a quick ratio of 1.07.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.25 by $0.06. Wyndham Hotels & Resorts had a return on equity of 36.32% and a net margin of 20.98%. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $395.44 million. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts expect that Wyndham Hotels & Resorts will post 4.01 EPS for the current fiscal year.
Wyndham Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, December 12th. Wyndham Hotels & Resorts’s payout ratio is 40.82%.
Wyndham Hotels & Resorts Company Profile (Get Free Report)
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others. The Hotel Management segment provides hotel management services for full-service hotels.
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Original: MarketBeat News Feed: Wyndham Hotels & Resorts, Inc. (NYSE:WH) Short Interest Update