Meeder Asset Management Inc. takes position in Wyndham Hotels & Resorts, Inc. (NYSE: WH)
Meeder Asset Management Inc. acquired a new stake in the shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH – Get a rating) in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The company acquired 316 shares of the company, valued at approximately $27,000.
A number of other institutional investors have also recently changed their positions in WH. Prospera Financial Services Inc bought a new position in Wyndham Hotels & Resorts in the first quarter worth approximately $26,000. Lloyd Advisory Services LLC. bought a new position in Wyndham Hotels & Resorts in the first quarter worth about $27,000. Allegheny Financial Group LTD bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth approximately $33,000. Glassman Wealth Services increased its position in Wyndham Hotels & Resorts by 123.9% in the fourth quarter. Glassman Wealth Services now owns 365 shares of the company worth $33,000 after acquiring 202 more shares in the last quarter. Finally, South Dakota’s Sageworth Trust Co bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 92.63% of the company’s shares.
Wall Street analysts predict growth
Several research analysts have published reports on the company. Stifel Nicolaus lowered his price target on Wyndham Hotels & Resorts from $99.00 to $85.50 in a Wednesday, July 6 research report. StockNews.com downgraded Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a Wednesday, June 29 research report. Robert W. Baird lowered his target price on Wyndham Hotels & Resorts from $96.00 to $88.00 in a research report on Friday, July 29. Finally, Barclays assumed coverage of Wyndham Hotels & Resorts in a Tuesday, June 28 research report. They set an “equal weight” rating and a target price of $77.00 for the company. Two analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat data, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $87.75.
In related news, the Advocate General Paul F Cash sold 30,331 shares of the company in a transaction that took place on Wednesday, June 1. The shares were sold at an average price of $79.94, for a total value of $2,424,660.14. Following the completion of the transaction, the General Counsel now owns 11,680 shares of the company, valued at $933,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Insiders own 1.91% of the shares of the company.
Performance of Wyndham Hotels & Resorts shares
Wyndham Hotels & Resorts Shares opened at $69.47 on Thursday. The company has a 50-day moving average price of $68.03 and a 200-day moving average price of $77.79. The company has a debt ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. Wyndham Hotels & Resorts, Inc. has a fifty-two week minimum of $62.89 and a fifty-two week maximum of $93.86. The company has a market capitalization of $6.27 billion, a PE ratio of 18.53, a P/E/G ratio of 1.83 and a beta of 1.48.
Wyndham Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28. Shareholders of record on Wednesday, September 14 will receive a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a dividend yield of 1.84%. The ex-dividend date is Tuesday, September 13. Wyndham Hotels & Resorts’ dividend payout ratio is currently 34.13%.
Profile of Wyndham Hotels and Resorts
Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise 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.
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