Van ECK Associates Corp Decreases Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Van ECK Associates Corp cut its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,298 shares of the company’s stock after selling 28,434 shares during the quarter. Van ECK Associates Corp’s holdings in Wyndham Hotels & Resorts were worth $3,558,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WH. Trust Co. of Vermont raised its position in Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at $30,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock valued at $32,000 after purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. increased its position in Wyndham Hotels & Resorts by 76.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer upped their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company boosted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial raised their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Wyndham Hotels & Resorts Price Performance

NYSE WH opened at $111.87 on Thursday. The company has a market cap of $8.70 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.18 and a beta of 1.29. The company has a fifty day simple moving average of $103.82 and a 200 day simple moving average of $91.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $112.16.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. On average, sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.8 EPS for the current year.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.