CX Institutional increased its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,944 shares of the company’s stock after acquiring an additional 1,312 shares during the quarter. CX Institutional’s holdings in Wyndham Hotels & Resorts were worth $810,000, according to the most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Janney Capital Management LLC increased its stake in Wyndham Hotels & Resorts by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 4,887 shares of the company’s stock valued at $393,000 after acquiring an additional 145 shares during the period. Allworth Financial LP increased its stake in Wyndham Hotels & Resorts by 62.6% in the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after acquiring an additional 152 shares during the last quarter. Signaturefd LLC increased its stake in Wyndham Hotels & Resorts by 24.1% in the fourth quarter. Signaturefd LLC now owns 1,052 shares of the company’s stock valued at $85,000 after acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC increased its stake in Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after purchasing an additional 207 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Wyndham Hotels & Resorts by 7.4% in the fourth quarter. Private Advisor Group LLC now owns 3,644 shares of the company’s stock valued at $293,000 after purchasing an additional 251 shares in the last quarter. 93.46% of the shares are owned by hedge funds and other institutional investors.
Insiders place their bets
In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of the company’s stock on Friday, May 24. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the completion of the sale, the insider now directly owns 28,722 shares of the company’s stock, valued at approximately $1,995,030.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Scott R. Strickland sold 4,076 shares of the company’s stock on Thursday, May 30. The shares were sold at an average price of $67.81, for a total transaction of $276,393.56. Following the completion of the sale, the insider now directly owns 28,912 shares of the company’s stock, valued at approximately $1,960,522.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, insider Scott R. Strickland sold 4,040 shares of the company’s stock in a transaction dated Friday, May 24. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the sale, the insider now directly owns 28,722 shares of the company’s stock, valued at $1,995,030.12. The disclosure regarding this sale can be found here. Insiders sold 18,254 shares of the company’s stock, valued at $1,314,144, in the last three months. 2.79% of the shares are currently owned by insiders.
Changes in analyst ratings
Several equities analysts have recently issued reports on the stock. Susquehanna assumed coverage on shares of Wyndham Hotels & Resorts in a report on Friday, June 21. They gave the stock a “neutral” rating and an $80.00 price target. Stifel Nicolaus lowered their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and gave the stock a “buy” rating in a report on Thursday, July 25. Barclays increased their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26. StockNews.com downgraded shares of Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday. Finally, Truist Financial lowered their price target on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and issued a “buy” rating on the stock in a report on Friday, July 26. One equities analyst has rated the stock with a sell rating, one has given a hold rating, and six have given a buy rating. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.43.
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Wyndham Hotels & Resorts Value for Money
NYSE:WH shares fell $0.57 during midday trading on Friday, reaching $74.28. 761,583 shares of the company traded hands, compared to its average volume of 770,755. Wyndham Hotels & Resorts, Inc. has a 1-year low of $65.63 and a 1-year high of $81.73. The company has a market cap of $5.99 billion, a P/E ratio of 26.34, a PEG ratio of 2.54 and a beta of 1.34. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day simple moving average of $73.37 and a 200 day simple moving average of $74.49.
Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last announced its quarterly results on Wednesday, July 24. The company reported earnings per share of $1.13 for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. The company posted revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts generated return on equity of 47.05% and net margin of 18.28%. The company’s revenue grew 1.4% year-over-year for the quarter. In the same quarter last year, the company reported earnings per share of $0.93. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will report earnings per share of $4.27 for the current fiscal year.
About Wyndham Hotels & Resorts
(Free report)
Wyndham Hotels & Resorts, Inc. operates as a hotel franchisor in the United States and internationally. The company operates through hotel franchising and hotel management segments. The hotel franchising segment licenses its hotel brands and provides related services to third-party hotel owners and others.
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