Wyndham Hotels & Resorts, Inc. (NYSE: WH) saw some unusual option deals on Friday. Stock investors bought 3,279 call options on the company. This corresponds to an increase of 2,293% compared to the typical daily volume of 137 call options.
In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 28,089 shares in the company in a transaction dated Thursday, November 18. The shares were sold at an average price of $ 87.21 for a total transaction of $ 2,449,641.69. The sale was announced in a legal filing with the SEC, available from via the SEC website. Also general counsel Paul F. Cash sold 1,232 shares in the company in a transaction on Monday, December 6th. The stock sold at an average price of $ 81.24 for a total value of $ 100,087.68. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.
Large investors recently increased or reduced their stake in the company. First Trust Advisors LP bought a new position in Wyndham Hotels & Resorts shares for $ 534,000 in the first quarter. IFP Advisors Inc increased its position in Wyndham Hotels & Resorts by 1,562.5% in the 2nd quarter. IFP Advisors Inc now owns 1,596 shares in the company valued at $ 116,000 after purchasing an additional 1,500 shares last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Wyndham Hotels & Resorts by 116.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 895 shares in the company valued at $ 65,000 after purchasing an additional 481 shares during the reporting period. Dupont Capital Management Corp acquired a new stake in Wyndham Hotels & Resorts for $ 633,000 in the second quarter. Finally, the New York State Common Retirement Fund increased its stake in Wyndham Hotels & Resorts by 8.6% in the second quarter. The New York State Common Retirement Fund now owns 293,790 shares of the company valued at $ 21,238,000 after purchasing an additional 23,190 shares last quarter. Institutional investors own 93.12% of the company’s shares.
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Shares in WH rose $ 0.87 during Friday’s midday trading to hit $ 82.52. The company’s stock had a trading volume of 24,874 shares compared to an average volume of 682,564 shares. The company has a quick ratio of 1.60, a current ratio of 1.60, and debt of 1.84. Wyndham Hotels & Resorts has an annual low of $ 53.58 and an annual high of $ 89.48. The stock has a market capitalization of $ 7.69 billion, a price / earnings ratio of 40.84, and a beta of 1.68. The fifty day simple moving average is $ 83.27 and the two hundred day simple moving average is $ 76.28.
Wyndham Hotels & Resorts (NYSE: WH) last published its results on Wednesday, October 27th. The company reported $ 1.16 EPS for the quarter, beating analysts’ consensus estimate of $ 0.91 by $ 0.25. The company had revenue of $ 463.00 million for the quarter, compared to analyst expectations of $ 462.81 million. Wyndham Hotels & Resorts had a net margin of 12.81% and a return on equity of 23.01%. The company’s revenue increased 37.4% for the quarter compared to the same quarter last year. For the same quarter last year, the company had earnings per share of $ 0.36. On average, research analysts are forecasting earnings per share of 2.99 for Wyndham Hotels & Resorts for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 29th. Shareholders of record on Wednesday December 15th will receive a dividend of $ 0.32. This equates to a dividend of $ 1.28 on an annual basis and a yield of 1.55%. The ex-dividend date is Tuesday, December 14th. This is an increase from Wyndham Hotels & Resorts’ previous quarterly dividend of $ 0.24. Wyndham Hotels & Resorts’ payout ratio is currently 48.00%.
Several stock analysts have commented on the stock. Zacks Investment Research has upgraded Wyndham Hotels & Resorts shares from a “hold” rating to a “buy” rating and set a target price of $ 95.00 on the stock in a report dated Wednesday, November 3rd. JPMorgan Chase & Co. raised their price target on Wyndham Hotels & Resorts stock from $ 83.00 to $ 86.00 and rated the company as “overweight” in a research release on Monday, October 18th. Truist Securities raised its price target on Wyndham Hotels & Resorts shares from $ 83.00 to $ 91.00 and rated the stock as a “Buy” in a research report on Friday, October 29th. In a report on Thursday, Robert W. Baird once again confirmed the buy recommendation for shares in Wyndham Hotels & Resorts. Finally, Truist raised his price target for Wyndham Hotels & Resorts from $ 83.00 to $ 91.00 and gave the stock a “Buy” rating in a research note on Friday, October 29th. Nine investment analysts have given the share a buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $ 87.38.
Wyndham Hotels & Resorts company profile
Wyndham Hotels & Resorts, Inc. franchises and operates hotels under the Wyndham brand. It operates in the following segments: hotel franchising and hotel management. The hotel franchising segment offers hotel owners licenses for brand names and associated trademarks as part of long-term franchise agreements.
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