Equities research analysts at StockNews.com began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.
A number of other analysts have also issued reports on WH. Morgan Stanley boosted their price target on shares of Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Stifel Nicolaus cut their target price on shares of Wyndham Hotels & Resorts from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Finally, HSBC began coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, October 23rd. They set a “buy” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.
Wyndham Hotels & Resorts Trading Down 2.2 %
Institutional Investors Weigh In On Wyndham Hotels & Resorts
Large investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Wyndham Hotels & Resorts by 65.5% in the second quarter. Allworth Financial LP now owns 412 shares of the company’s stock valued at $28,000 after acquiring an additional 163 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Wyndham Hotels & Resorts by 139.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock valued at $31,000 after acquiring an additional 255 shares during the period. Money Concepts Capital Corp acquired a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter valued at approximately $33,000. Systematic Alpha Investments LLC acquired a new stake in shares of Wyndham Hotels & Resorts in the third quarter valued at approximately $37,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Wyndham Hotels & Resorts during the second quarter worth $46,000. 92.06% of the stock is owned by institutional investors and hedge funds.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.
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