Wyndham Hotels & Resorts, Inc. (NYSE: WH) Update on Short-Term Interest
Wyndham Hotels & Resorts, Inc. (NYSE: WH) recorded a sharp decline in short-term interest in June. As of June 15, there was short interest totaling 2,430,000 shares, a decrease of 15.3% from the total of 2,870,000 shares as of May 31. Based on an average daily trading volume of 641,400 shares, the day-to-coverage ratio is currently 3.8 days. Currently 2.7% of the shares are sold short.
Institutional investors have recently changed their holdings in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new equity interest in Wyndham Hotels & Resorts in the first quarter valued at $ 28,000. Jones Financial Companies Lllp acquired a new stake in Wyndham Hotels & Resorts shares in the first quarter valued at $ 56,000. Parallel Advisors LLC increased its stake in shares of Wyndham Hotels & Resorts by 152.5% in the first quarter. Parallel Advisors LLC now owns 1,159 shares of the company valued at $ 81,000 after purchasing an additional 700 shares in the last quarter. Childress Capital Advisors LLC acquired a new stake in Wyndham Hotels & Resorts shares in the fourth quarter valued at $ 75,000. Finally, Valeo Financial Advisors LLC increased its stake in the shares of Wyndham Hotels & Resorts by 3,647.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,499 shares of the company valued at $ 89,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors and hedge funds hold 93.29% of the company’s shares.
A number of analysts have commented on the headline. JPMorgan Chase & Co. raised its target price for Wyndham Hotels & Resorts stock from $ 67.00 to $ 74.00 and rated the stock “overweight” in a research report released on Wednesday April 21th. Zacks investment research downgraded Wyndham Hotels & Resorts shares from a âstrong buyâ rating to a âretainedâ rating in a research report on Saturday, May 1. Truist Securities raised its target price on shares of Wyndham Hotels & Resorts from $ 68.00 to $ 81.00 and gave the stock a “buy” rating in a report released on Friday, April 30. Jefferies Financial Group raised its target price on shares of Wyndham Hotels & Resorts from $ 85.00 to $ 91.00 and gave the stock a “buy” rating in a report released on Friday, April 30. Finally, Truist increased its target price on shares of Wyndham Hotels & Resorts from $ 68.00 to $ 81.00 in a report released on Friday, April 30. An equity research analyst rated the stock with a conservation rating and twelve assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $ 68.71.
Actions of WH open at $ 74.09 on Mondays. The company’s 50-day moving average is $ 74.13. Wyndham Hotels & Resorts has a 52 week low of $ 41.17 and a 52 week high of $ 78.13. The stock has a market cap of $ 6.92 billion, a P / E ratio of -53.30 and a beta of 1.78. The company has a debt to equity ratio of 2.09, a current ratio of 1.11, and a quick ratio of 1.11.
Wyndham Hotels & Resorts (NYSE: WH) last reported its results on Wednesday, April 28. The company reported EPS of $ 0.36 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.25 of $ 0.11. The company posted revenue of $ 303.00 million in the quarter, compared to a consensus estimate of $ 334.52 million. Wyndham Hotels & Resorts recorded a negative net margin of 10.89% and a positive return on equity of 8.62%. The company’s revenue for the quarter was down 26.1% from the same quarter last year. During the same period of the previous year, the company posted earnings of $ 0.50 per share. As a group, stock analysts predict that Wyndham Hotels & Resorts will post earnings per share of 2.28 for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Wednesday June 16 received a dividend of $ 0.16. This represents an annualized dividend of $ 0.64 and a return of 0.86%. The ex-dividend date of this dividend was Tuesday, June 15. Wyndham Hotels & Resorts’ dividend payout ratio is 62.14%.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor around the world. It operates through the hotel franchise and hotel management segments. The Hotel Franchise segment licenses its accommodation 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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