Oppenheimer & Co. Inc. Grows Stock Position in Wyndham Hotels & Resorts (NYSE:WH)

Oppenheimer & Co. Inc. increased its stake in Wyndham Hotels & Resorts (NYSE:WH) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,122 shares of the company’s stock after buying an additional 241 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Wyndham Hotels & Resorts were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners lifted its stake in shares of Wyndham Hotels & Resorts by 5.3% during the 4th quarter. Boston Partners now owns 3,853,527 shares of the company’s stock worth $388,462,000 after acquiring an additional 192,221 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company’s stock worth $231,947,000 after purchasing an additional 37,832 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Wyndham Hotels & Resorts by 3.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,810,301 shares of the company’s stock worth $182,460,000 after purchasing an additional 63,006 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company’s stock valued at $143,038,000 after purchasing an additional 81,730 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% in the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock worth $134,414,000 after purchasing an additional 1,328,292 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WH has been the topic of several recent analyst reports. Barclays reduced their price target on shares of Wyndham Hotels & Resorts from $121.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an “overweight” rating and a $101.00 target price on the stock. Jefferies Financial Group lowered their price target on Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Truist Financial reduced their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Morgan Stanley decreased their target price on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.48.

Wyndham Hotels & Resorts Trading Up 1.1%

Shares of NYSE:WH opened at $83.99 on Thursday. The company has a market capitalization of $6.47 billion, a PE ratio of 19.90, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 4.29. Wyndham Hotels & Resorts has a 12-month low of $70.08 and a 12-month high of $113.07. The business’s fifty day simple moving average is $83.63 and its 200-day simple moving average is $92.96.

Wyndham Hotels & Resorts (NYSE:WH) last posted its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $316.00 million for the quarter, compared to analyst estimates of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 57.49% and a net margin of 23.52%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities research analysts predict that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, June 13th. Wyndham Hotels & Resorts’s payout ratio is currently 38.86%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CEO Geoffrey A. Ballotti sold 26,724 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the completion of the sale, the chief executive officer owned 467,394 shares of the company’s stock, valued at $40,088,383.38. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.46% of the stock is currently owned by company insiders.

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 Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.