Van ECK Associates Corp Sells 28,434 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Van ECK Associates Corp decreased its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 44.6% in the 4th quarter, HoldingsChannel reports. 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 reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WH. Allspring Global Investments Holdings LLC boosted its stake in shares of Wyndham Hotels & Resorts by 71.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 84,468 shares of the company’s stock valued at $8,430,000 after purchasing an additional 35,329 shares during the last quarter. Equitable Trust Co. lifted its position in shares of Wyndham Hotels & Resorts by 1.5% in the fourth quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock worth $937,000 after purchasing an additional 135 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Wyndham Hotels & Resorts by 2.2% during the 4th quarter. Empowered Funds LLC now owns 7,846 shares of the company’s stock worth $791,000 after buying an additional 169 shares during the last quarter. Sargent Investment Group LLC bought a new position in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $204,000. Finally, Trust Point Inc. acquired a new position in Wyndham Hotels & Resorts during the fourth quarter worth $673,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group increased their price target on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Wyndham Hotels & Resorts Price Performance

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

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

About Wyndham Hotels & Resorts

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.