Nomura Asset Management Co. Ltd. Has $32,000 Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Nomura Asset Management Co. Ltd. boosted its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 86.4% in the third quarter, Holdings Channel reports. The firm owned 410 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Wyndham Hotels & Resorts were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Wyndham Hotels & Resorts by 11.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,313 shares of the company’s stock valued at $467,000 after buying an additional 627 shares in the last quarter. Blue Trust Inc. increased its stake in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the last quarter. Raymond James & Associates raised its position in Wyndham Hotels & Resorts by 10.7% during the second quarter. Raymond James & Associates now owns 74,663 shares of the company’s stock valued at $5,525,000 after purchasing an additional 7,226 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Wyndham Hotels & Resorts by 19.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,168 shares of the company’s stock worth $1,418,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Wyndham Hotels & Resorts during the second quarter worth $211,000. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at approximately $904,939.44. The trade was a 59.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock worth $8,881,849. Insiders own 2.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WH. Barclays upped their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Oppenheimer increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.56.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $103.33 on Monday. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $105.12. The company has a market cap of $8.04 billion, a PE ratio of 32.80, a P/E/G ratio of 2.42 and a beta of 1.32. The stock has a 50-day moving average of $92.21 and a 200-day moving average of $81.12. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. During the same quarter last year, the firm posted $1.31 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.29 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, December 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.47%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 48.25%.

About Wyndham Hotels & Resorts

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.