Wyndham Hotels & Resorts sees unusually high volume of options (NYSE: WH)
Wyndham Hotels & Resorts, Inc. (NYSE: WH) saw unusual options trading on Friday. Equity investors bought 3,279 call options on the company. This represents an increase of 2,293% over the typical daily volume of 137 call options.
In other Wyndham Hotels & Resorts news, CFO Michele Allen sold 28,089 shares of the company in a transaction dated Thursday, November 18. The shares were sold at an average price of $ 87.21, for a total trade of $ 2,449,641.69. The sale was disclosed in a legal file with the SEC, which is available on the SEC’s website. In addition, General Counsel Paul F. Cash sold 1,232 shares of the company in a transaction dated Monday, December 6. The stock was sold for an average price of $ 81.24, for a total value of $ 100,087.68. Disclosure of this sale can be found here. Insiders own 2.06% of the shares of the company.
Large investors have recently increased or reduced their stakes in the company. First Trust Advisors LP purchased a new position in shares of Wyndham Hotels & Resorts during the first quarter valued at $ 534,000. IFP Advisors Inc increased its position in Wyndham Hotels & Resorts by 1,562.5% during the 2nd quarter. IFP Advisors Inc now owns 1,596 shares of the company valued at $ 116,000 after purchasing an additional 1,500 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Wyndham Hotels & Resorts by 116.2% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 895 shares of the company valued at $ 65,000 after purchasing an additional 481 shares during the period. Dupont Capital Management Corp purchased a new equity stake in Wyndham Hotels & Resorts in the second quarter valued at $ 633,000. Finally, the New York State Common Retirement Fund increased its stake in Wyndham Hotels & Resorts by 8.6% during the second quarter. The New York State Pooled Retirement Fund now owns 293,790 shares of the company valued at $ 21,238,000 after acquiring an additional 23,190 shares in the last quarter. Institutional investors hold 93.12% of the shares of the company.
WH shares traded up $ 0.87 during the midday session Friday, reaching $ 82.52. The company’s shares had a trading volume of 24,874 shares, compared to its average volume of 682,564. The company has a quick ratio of 1.60, a current ratio of 1.60, and a debt-to-equity ratio of. 1.84. Wyndham Hotels & Resorts has a one-year minimum of $ 53.58 and a one-year maximum of $ 89.48. The stock has a market cap of $ 7.69 billion, a price-to-earnings ratio of 40.84 and a beta of 1.68. The company’s fifty-day simple moving average is $ 83.27 and its two-hundred-day simple moving average is $ 76.28.
Wyndham Hotels & Resorts (NYSE: WH) last reported its results on Wednesday, October 27. The company reported EPS of $ 1.16 for the quarter, beating analyst consensus estimates of $ 0.91 by $ 0.25. The company posted revenue of $ 463.00 million in the quarter, compared to analysts’ expectations of $ 462.81 million. Wyndham Hotels & Resorts had a net margin of 12.81% and return on equity of 23.01%. The company’s revenue for the quarter increased 37.4% from the same quarter last year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.36. On average, research analysts predict that Wyndham Hotels & Resorts will post earnings per share of 2.99 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 29. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.32. This represents a dividend of $ 1.28 on an annualized basis and a return of 1.55%. The ex-dividend date is Tuesday, December 14. This is a boost from Wyndham Hotels & Resorts’ previous quarterly dividend of $ 0.24. Wyndham Hotels & Resorts’ dividend payout ratio is currently 48.00%.
Several equity analysts have commented on the title. Zacks Investment Research upgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating and set a price target of $ 95.00 on the stock in a report released on Wednesday, November 3. JPMorgan Chase & Co. raised its price target for Wyndham Hotels & Resorts stock from $ 83.00 to $ 86.00 and rated the company “overweight” in a research note on Monday, October 18 . Truist Securities raised its target price for Wyndham Hotels & Resorts stock from $ 83.00 to $ 91.00 and gave the stock a “buy” rating in a research report on Friday, October 29. Robert W. Baird reaffirmed a “buy” note on shares of Wyndham Hotels & Resorts in a report released Thursday. Finally, Truist raised its target price on Wyndham Hotels & Resorts from $ 83.00 to $ 91.00 and gave the stock a “buy” rating in a research note on Friday, October 29. Nine investment analysts rated the stock with a buy rating. Based on MarketBeat data, the stock has an average rating of “Buy” and a consensus target price of $ 87.38.
Wyndham Hotels & Resorts Company Profile
Wyndham Hotels & Resorts, Inc. engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel franchise and hotel management. The Hotel Franchise segment licenses brand names and associated brands to hotel owners under long-term franchise agreements.
Featured Article: Why Do Companies Perform Stock Splits?
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Wyndham Hotels & Resorts now?
Before you consider Wyndham Hotels & Resorts, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and Wyndham Hotels & Resorts was not on the list.
While Wyndham Hotels & Resorts currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here