Qube Research & Technologies Ltd Boosts Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Qube Research & Technologies Ltd grew its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating) by 47.9% in the 1st quarter, HoldingsChannel reports. The firm owned 171,557 shares of the company’s stock after purchasing an additional 55,600 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Wyndham Hotels & Resorts were worth $14,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WH. Aigen Investment Management LP lifted its stake in Wyndham Hotels & Resorts by 94.1% in the first quarter. Aigen Investment Management LP now owns 7,907 shares of the company’s stock worth $670,000 after acquiring an additional 3,834 shares during the last quarter. National Bank of Canada FI purchased a new position in Wyndham Hotels & Resorts in the first quarter worth approximately $2,284,000. New York State Common Retirement Fund lifted its stake in Wyndham Hotels & Resorts by 0.8% in the first quarter. New York State Common Retirement Fund now owns 130,116 shares of the company’s stock worth $11,020,000 after acquiring an additional 1,052 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in Wyndham Hotels & Resorts by 1.4% in the first quarter. Advisor Group Holdings Inc. now owns 12,323 shares of the company’s stock worth $3,414,000 after acquiring an additional 167 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Wyndham Hotels & Resorts in the first quarter worth approximately $26,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WH shares. Barclays assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, June 28th. They issued an “equal weight” rating and a $77.00 price target for the company. Robert W. Baird cut their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $88.00 in a report on Friday, July 29th. StockNews.com cut shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Stifel Nicolaus cut their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $85.50 in a report on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.75.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, General Counsel Paul F. Cash sold 30,331 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $79.94, for a total value of $2,424,660.14. Following the transaction, the general counsel now directly owns 11,680 shares of the company’s stock, valued at approximately $933,699.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $67.87 on Friday. The firm’s fifty day simple moving average is $69.98 and its 200-day simple moving average is $78.95. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.84 and a beta of 1.48. Wyndham Hotels & Resorts, Inc. has a 12 month low of $62.89 and a 12 month high of $93.86. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.28 annualized dividend and a yield of 1.89%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 34.13%.

About Wyndham Hotels & Resorts

(Get Rating)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service and limited-service hotels.

Further Reading

Want to see what other hedge funds are holding WH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Hotels & Resorts, Inc. (NYSE:WHGet Rating).

Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

Receive News & Ratings for Wyndham Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.