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

Wyndham Hotels & Resorts Inc (NYSE:WH)’s share 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 traded.

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

The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50 day moving average is $57.38 and its 200-day moving average is $54.45. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.46 and a beta of 1.03.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) 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 analysts’ expectations of $532.61 million. During the same period in the previous year, the business posted $0.73 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Wyndham Hotels & Resorts Inc will post 3.19 earnings per share for the current year.

In other news, insider Nicola Rossi sold 1,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michele Allen sold 4,475 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $56.12, for a total transaction of $251,137.00. The disclosure for this sale can be found here. Insiders have sold 15,975 shares of company stock valued at $891,527 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in WH. Advisor Group Inc. lifted its position in shares of Wyndham Hotels & Resorts by 27.3% during the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock worth $55,000 after purchasing an additional 206 shares in the last quarter. Winslow Asset Management Inc. lifted its position in shares of Wyndham Hotels & Resorts by 0.3% during the first quarter. Winslow Asset Management Inc. now owns 72,717 shares of the company’s stock worth $3,635,000 after purchasing an additional 245 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Wyndham Hotels & Resorts by 2.3% during the second quarter. First Trust Advisors LP now owns 10,922 shares of the company’s stock worth $609,000 after purchasing an additional 245 shares in the last quarter. Sapience Investments LLC lifted its position in shares of Wyndham Hotels & Resorts by 0.4% during the first quarter. Sapience Investments LLC now owns 67,410 shares of the company’s stock worth $3,370,000 after purchasing an additional 250 shares in the last quarter. Finally, BB&T Securities LLC lifted its position in shares of Wyndham Hotels & Resorts by 6.7% during the second quarter. BB&T Securities LLC now owns 4,330 shares of the company’s stock worth $241,000 after purchasing an additional 271 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Momentum Indicators

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