Short Interest in Wyndham Hotels & Resorts, Inc. (NYSE:WH) Drops By 31.4%

Wyndham Hotels & Resorts, Inc. (NYSE:WH) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,380,000 shares, a decrease of 31.4% from the October 31st total of 3,470,000 shares. Based on an average trading volume of 731,300 shares, the short-interest ratio is presently 3.3 days. Currently, 3.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

WH has been the subject of a number of research analyst reports. Oppenheimer raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price target on Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday. Robert W. Baird raised their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock traded up $0.57 during midday trading on Friday, hitting $98.18. 448,219 shares of the company were exchanged, compared to its average volume of 751,306. The business has a fifty day simple moving average of $87.37 and a two-hundred day simple moving average of $78.61. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $7.64 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. Wyndham Hotels & Resorts has a fifty-two week low of $67.67 and a fifty-two week high of $99.11.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the previous year, the firm earned $1.31 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Wyndham Hotels & Resorts will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. Wyndham Hotels & Resorts’s payout ratio is 48.25%.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the sale, the director now owns 366,371 shares in the company, valued at $33,343,424.71. The trade was a 17.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,890 shares of company stock valued at $9,273,255 over the last 90 days. Insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. M&T Bank Corp increased its holdings in Wyndham Hotels & Resorts by 4.2% in the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock worth $267,000 after acquiring an additional 138 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Wyndham Hotels & Resorts by 2.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock worth $443,000 after purchasing an additional 147 shares during the last quarter. PFG Investments LLC raised its position in shares of Wyndham Hotels & Resorts by 4.4% during the 2nd quarter. PFG Investments LLC now owns 3,667 shares of the company’s stock worth $271,000 after purchasing an additional 155 shares during the last quarter. Equitable Trust Co. lifted its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. Equitable Trust Co. now owns 9,160 shares of the company’s stock valued at $716,000 after buying an additional 174 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock worth $717,000 after buying an additional 175 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. 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.