Oppenheimer Asset Management Inc. Trims Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Oppenheimer Asset Management Inc. cut its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,002 shares of the company’s stock after selling 920 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares in the last quarter. Concord Wealth Partners boosted its position in shares of Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares during the period. Blue Trust Inc. grew its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after buying an additional 635 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the 2nd quarter valued at $67,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target for the company. Oppenheimer increased 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. Finally, Robert W. Baird boosted their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $97.86.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $94.70 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The company has a fifty day simple moving average of $85.10 and a 200-day simple moving average of $77.63. The stock has a market cap of $7.37 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.42 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $98.73.

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

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 32.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michele Allen sold 15,000 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This represents a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,890 shares of company stock valued at $9,273,255 over the last quarter. Company insiders own 2.79% of the company’s stock.

About Wyndham Hotels & Resorts

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.