Wyndham Hotels & Resorts Inc (NYSE:WH) Sees Large Decline in Short Interest

Wyndham Hotels & Resorts Inc (NYSE:WH) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 3,166,000 shares, a decrease of 8.2% from the June 30th total of 3,448,300 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 940,500 shares, the days-to-cover ratio is currently 3.4 days.

Shares of NYSE:WH opened at $49.94 on Friday. The firm’s 50 day moving average price is $57.26 and its 200 day moving average price is $54.42. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03. Wyndham Hotels & Resorts has a fifty-two week low of $43.03 and a fifty-two week high of $61.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.62.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $533.00 million for the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. On average, equities analysts anticipate that Wyndham Hotels & Resorts will post 3.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.16 annualized dividend and a yield of 2.32%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 42.80%.

Several analysts have recently issued reports on WH shares. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays started coverage on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $72.00 price target on the stock. Finally, Bank of America started coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They set a “buy” rating and a $62.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Wyndham Hotels & Resorts presently has an average rating of “Buy” and an average target price of $67.71.

In other news, EVP Michele Allen sold 4,475 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $56.12, for a total transaction of $251,137.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicola Rossi sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $55.46, for a total transaction of $83,190.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Boston Partners raised its holdings in Wyndham Hotels & Resorts by 2.9% during the first quarter. Boston Partners now owns 5,715,052 shares of the company’s stock worth $285,695,000 after purchasing an additional 163,327 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Wyndham Hotels & Resorts by 12.9% during the second quarter. JPMorgan Chase & Co. now owns 2,591,788 shares of the company’s stock worth $144,881,000 after purchasing an additional 295,411 shares in the last quarter. Bessemer Group Inc. raised its holdings in Wyndham Hotels & Resorts by 0.5% during the second quarter. Bessemer Group Inc. now owns 2,560,951 shares of the company’s stock worth $142,746,000 after purchasing an additional 11,481 shares in the last quarter. Jackson Square Partners LLC raised its holdings in Wyndham Hotels & Resorts by 7.2% during the first quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock worth $103,301,000 after purchasing an additional 139,472 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Wyndham Hotels & Resorts by 114.7% during the second quarter. Invesco Ltd. now owns 1,268,421 shares of the company’s stock worth $70,702,000 after purchasing an additional 677,607 shares in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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