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.

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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.

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