Peddock Capital Advisors LLC Takes $207,000 Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Peddock Capital Advisors LLC acquired a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,580 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently made changes to their positions in WH. Brown Advisory Inc. increased its stake in shares of Wyndham Hotels & Resorts by 60.3% in the third quarter. Brown Advisory Inc. now owns 125,649 shares of the company’s stock valued at $8,738,000 after buying an additional 47,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Wyndham Hotels & Resorts by 8.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,156 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,987 shares during the period. Strs Ohio bought a new position in Wyndham Hotels & Resorts during the 3rd quarter worth approximately $1,159,000. Washington Capital Management Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $584,000. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Wyndham Hotels & Resorts by 1.1% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 105,916 shares of the company’s stock valued at $7,365,000 after purchasing an additional 1,200 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WH has been the topic of several recent analyst reports. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a report on Sunday. They issued a “hold” rating on the stock. Barclays boosted their price objective on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $88.17.

Wyndham Hotels & Resorts Stock Down 0.9 %

WH stock traded down $0.71 during trading on Tuesday, reaching $74.17. The stock had a trading volume of 904,718 shares, compared to its average volume of 694,734. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 3.27. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.55 and a beta of 1.33. Wyndham Hotels & Resorts, Inc. has a one year low of $63.69 and a one year high of $81.73. The company’s 50 day moving average is $74.73 and its two-hundred day moving average is $76.92.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $308.24 million. During the same period in the previous year, the firm earned $0.86 EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.25 EPS for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.38 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the sale, the chief accounting officer now directly owns 11,404 shares in the company, valued at approximately $900,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total value of $14,399,027.44. Following the sale, the chief executive officer now directly owns 377,712 shares in the company, valued at approximately $27,708,952.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicola Rossi sold 3,200 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $79.00, for a total value of $252,800.00. Following the completion of the sale, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The disclosure for this sale can be found here. Corporate insiders own 2.79% of the company’s stock.

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.