Assetmark Inc. Takes $30,000 Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Assetmark Inc. bought a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 390 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after buying an additional 581,909 shares during the period. Capital Research Global Investors raised its holdings in Wyndham Hotels & Resorts by 0.3% in the first quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock valued at $551,992,000 after acquiring an additional 23,549 shares in the last quarter. Boston Partners lifted its stake in Wyndham Hotels & Resorts by 15.4% in the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after acquiring an additional 430,053 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in Wyndham Hotels & Resorts by 70.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after acquiring an additional 916,742 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Wyndham Hotels & Resorts by 377.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock worth $91,812,000 after acquiring an additional 980,848 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Price Performance

Shares of NYSE WH opened at $94.47 on Wednesday. The stock has a market cap of $7.35 billion, a P/E ratio of 29.99, a P/E/G ratio of 2.45 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $98.73. The stock has a 50 day moving average of $84.75 and a two-hundred day moving average of $77.51. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The firm had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the prior year, the firm earned $1.31 EPS. Wyndham Hotels & Resorts’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the sale, the director now owns 366,371 shares of the company’s stock, valued at approximately $33,343,424.71. The trade was a 17.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. The trade was a 32.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,890 shares of company stock worth $9,273,255 in the last quarter. Company insiders own 2.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WH. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer raised their price target 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. Stifel Nicolaus increased their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays upped their price target on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.86.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.