Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC lowered its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 16.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,926 shares of the company’s stock after selling 1,000 shares during the period. Carnegie Lake Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $496,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont raised its position in shares of Wyndham Hotels & Resorts by 434.8% in the fourth quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Wyndham Hotels & Resorts during the third quarter worth $30,000. UMB Bank n.a. increased its stake in Wyndham Hotels & Resorts by 72.7% in the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Wyndham Hotels & Resorts by 86.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of Wyndham Hotels & Resorts from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $103.00 to $114.00 in a research note on Friday, January 10th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird lifted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

Wyndham Hotels & Resorts Stock Down 0.9 %

Shares of NYSE WH opened at $107.43 on Tuesday. The stock has a fifty day moving average price of $102.68 and a 200 day moving average price of $89.82. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $109.09. The company has a market cap of $8.36 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.14 and a beta of 1.29.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.41%. Wyndham Hotels & Resorts’s payout ratio is currently 48.25%.

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 segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.