Foresters Investment Management Company Inc. Sells 361,400 Shares of Wyndham Hotels & Resorts Inc (WH)

Foresters Investment Management Company Inc. trimmed its position in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 69.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,750 shares of the company’s stock after selling 361,400 shares during the period. Foresters Investment Management Company Inc. owned about 0.16% of Wyndham Hotels & Resorts worth $7,066,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WH. Marlowe Partners LP grew its position in shares of Wyndham Hotels & Resorts by 24.8% during the fourth quarter. Marlowe Partners LP now owns 277,389 shares of the company’s stock worth $12,585,000 after acquiring an additional 55,081 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Wyndham Hotels & Resorts by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 937,826 shares of the company’s stock worth $42,549,000 after acquiring an additional 53,343 shares during the last quarter. Sapience Investments LLC purchased a new position in shares of Wyndham Hotels & Resorts during the fourth quarter worth approximately $3,047,000. California State Teachers Retirement System grew its position in shares of Wyndham Hotels & Resorts by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 157,792 shares of the company’s stock worth $7,159,000 after acquiring an additional 3,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Wyndham Hotels & Resorts by 30.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 788,405 shares of the company’s stock worth $35,770,000 after acquiring an additional 184,018 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.

In other Wyndham Hotels & Resorts news, insider Nicola Rossi sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $52.00, for a total value of $52,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen P. Holmes sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $53.47, for a total value of $1,336,750.00. The disclosure for this sale can be found here.

Shares of NYSE WH opened at $50.91 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.23 and a quick ratio of 1.23. Wyndham Hotels & Resorts Inc has a 1-year low of $43.03 and a 1-year high of $66.95. The firm has a market cap of $5.06 billion and a P/E ratio of 18.79.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 13th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Wyndham Hotels & Resorts had a return on equity of 18.24% and a net margin of 8.62%. The firm had revenue of $527.00 million during the quarter, compared to the consensus estimate of $498.92 million. Wyndham Hotels & Resorts’s quarterly revenue was up 68.9% on a year-over-year basis. On average, sell-side analysts predict that Wyndham Hotels & Resorts Inc will post 3.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.25. This represents a $1.16 annualized dividend and a dividend yield of 2.28%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 36.90%.

A number of brokerages have recently issued reports on WH. Stifel Nicolaus restated a “buy” rating and set a $62.00 target price (down from $68.00) on shares of Wyndham Hotels & Resorts in a research report on Monday, December 24th. Oppenheimer set a $69.00 price target on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, December 7th. Zacks Investment Research downgraded Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Jefferies Financial Group set a $72.00 price target on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Goldman Sachs Group downgraded Wyndham Hotels & Resorts from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, November 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.29.

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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 following two business segments: Hotel Franchising and Hotel Management. The Hotel Franchising segment offers licenses of brand names and associated trademarks to hotel owners under long-term franchise agreements.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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