Carnegie Lake Advisors LLC Trims Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Carnegie Lake Advisors LLC cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,926 shares of the company’s stock after selling 1,000 shares during the period. Carnegie Lake Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $496,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WH. Thrivent Financial for Lutherans grew its position in Wyndham Hotels & Resorts by 40.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after purchasing an additional 506,593 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 284,590.0% during the third quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company’s stock worth $22,246,000 after buying an additional 284,590 shares during the last quarter. Copeland Capital Management LLC increased its position in Wyndham Hotels & Resorts by 133.1% in the 3rd quarter. Copeland Capital Management LLC now owns 409,324 shares of the company’s stock valued at $31,985,000 after acquiring an additional 233,754 shares during the period. Brown Brothers Harriman & Co. raised its stake in Wyndham Hotels & Resorts by 31.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 476,556 shares of the company’s stock valued at $37,238,000 after acquiring an additional 114,084 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in Wyndham Hotels & Resorts by 221.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 148,250 shares of the company’s stock worth $11,584,000 after acquiring an additional 102,115 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Down 0.9 %

WH stock opened at $107.43 on Tuesday. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $109.09. 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 market cap of $8.36 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.14 and a beta of 1.29. The company’s 50-day moving average price is $102.68 and its 200 day moving average price is $89.82.

Wyndham Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 48.25%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WH. Oppenheimer boosted their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.10.

Wyndham Hotels & Resorts Company 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.