Wyndham Hotels & Resorts, Inc. (NYSE:WH) has experienced a series of updates and developments. Here is a consolidated report on the latest breaking news and insights related to Wyndham Hotels & Resorts:
- Institutional Activity: Several institutional investors have made changes to their positions in Wyndham Hotels & Resorts. Sei Investments Co. reduced its stake by 18.9%, while Texas Permanent School Fund Corp increased its holdings by 1.4%. Other investors like Allworth Financial LP, Chilton Capital Management LLC, and Quadrature Capital Ltd have also bought new stakes in the company12.
- Insider Transactions: Notable insider transactions have occurred, with CEO Geoffrey A. Ballotti selling a significant number of shares and CFO Michele Allen also selling a portion of her holdings3.
- Analyst Ratings: Wyndham Hotels & Resorts has received mixed analyst ratings, with a "hold" rating from StockNews.com and a "neutral" rating from Susquehanna. However, Barclays and Robert W. Baird have given the company an "overweight" and "outperform" rating, respectively1.
- Market Performance: The stock opened at $75.02 on Tuesday, with a 1-year low of $65.63 and a 1-year high of $81.73. The company has a market capitalization of $6.05 billion, and its stock has a P/E ratio of 26.461.
- Earnings Report: Wyndham Hotels & Resorts reported an earnings per share (EPS) of $0.78 for the quarter, surpassing the consensus estimate of $0.75. The company's revenue was $305.00 million, slightly below analyst expectations1.
In conclusion, Wyndham Hotels & Resorts has seen various developments, including changes in institutional holdings and insider transactions. The company's stock performance and earnings report indicate a positive quarter, with a slight revenue miss but strong EPS performance. Investors are advised to monitor the company's ongoing developments and analyst ratings for informed decision-making.
7/16/2024 11:08pm
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