Amalgamated Bank Sells 1,416 Shares of Wyndham Hotels & Resorts (NYSE:WH)

Amalgamated Bank cut its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 35,558 shares of the company’s stock after selling 1,416 shares during the period. Amalgamated Bank’s holdings in Wyndham Hotels & Resorts were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Wyndham Hotels & Resorts by 508.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company’s stock valued at $28,000 after acquiring an additional 234 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Wyndham Hotels & Resorts by 46.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. Quarry LP bought a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter valued at approximately $41,000. Finally, FIL Ltd grew its holdings in shares of Wyndham Hotels & Resorts by 226.6% during the 4th quarter. FIL Ltd now owns 454 shares of the company’s stock valued at $46,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WH. Stifel Nicolaus decreased their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a “buy” rating on the stock in a report on Thursday, May 1st. Redburn Atlantic raised shares of Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Monday, March 24th. Jefferies Financial Group reduced their price objective on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price target on Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an “overweight” rating and a $101.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.48.

Wyndham Hotels & Resorts Stock Up 0.4%

Wyndham Hotels & Resorts stock opened at $84.44 on Friday. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.72 and a beta of 0.98. Wyndham Hotels & Resorts has a 52-week low of $70.08 and a 52-week high of $113.07. The company has a debt-to-equity ratio of 4.29, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $83.61 and a two-hundred day moving average price of $92.69.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. Wyndham Hotels & Resorts’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 38.86%.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the sale, the chief executive officer directly owned 467,394 shares in the company, valued at approximately $40,088,383.38. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.