Wyndham Hotels & Resorts Inc (NYSE:WH) Sees Large Drop in Short Interest

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Wyndham Hotels & Resorts Inc (NYSE:WH) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,350,000 shares, a decline of 16.7% from the September 30th total of 2,820,000 shares. Based on an average daily trading volume, of 811,500 shares, the short-interest ratio is presently 2.9 days. Currently, 2.5% of the company’s shares are short sold.

A number of research firms have commented on WH. Robert W. Baird began coverage on Wyndham Hotels & Resorts in a research report on Wednesday, August 21st. They issued an “outperform” rating and a $62.00 target price on the stock. Stifel Nicolaus set a $65.00 target price on Wyndham Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Saturday, November 9th. ValuEngine downgraded Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their target price on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.13.

Shares of WH stock traded up $0.87 on Friday, hitting $55.26. The stock had a trading volume of 89,545 shares, compared to its average volume of 688,860. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $5.21 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.51 and a beta of 1.09. Wyndham Hotels & Resorts has a 1 year low of $43.03 and a 1 year high of $61.49. The company’s 50 day moving average price is $52.21 and its 200-day moving average price is $54.41.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The firm had revenue of $560.00 million for the quarter, compared to the consensus estimate of $576.90 million. Wyndham Hotels & Resorts had a return on equity of 22.24% and a net margin of 6.47%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities analysts forecast that Wyndham Hotels & Resorts will post 3.26 EPS for the current year.

In other Wyndham Hotels & Resorts news, Chairman Stephen P. Holmes sold 25,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $54.88, for a total transaction of $1,372,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in Wyndham Hotels & Resorts by 27.3% during the second quarter. Advisor Group Inc. now owns 961 shares of the company’s stock valued at $55,000 after acquiring an additional 206 shares during the period. Ballast Inc. raised its position in Wyndham Hotels & Resorts by 5.9% in the 3rd quarter. Ballast Inc. now owns 4,289 shares of the company’s stock worth $221,000 after buying an additional 238 shares during the last quarter. First Trust Advisors LP raised its position in Wyndham Hotels & Resorts by 2.3% in the 2nd quarter. First Trust Advisors LP now owns 10,922 shares of the company’s stock worth $609,000 after buying an additional 245 shares during the last quarter. BB&T Securities LLC raised its position in Wyndham Hotels & Resorts by 6.7% in the 2nd quarter. BB&T Securities LLC now owns 4,330 shares of the company’s stock worth $241,000 after buying an additional 271 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Wyndham Hotels & Resorts by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 70,614 shares of the company’s stock worth $3,936,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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