Oppenheimer & Co. Inc. Has $2.88 Million Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Oppenheimer & Co. Inc. reduced its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,828 shares of the company’s stock after selling 573 shares during the period. Oppenheimer & Co. Inc.’s holdings in Wyndham Hotels & Resorts were worth $2,878,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC increased its stake in shares of Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares during the last quarter. Concord Wealth Partners raised its holdings in shares of Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after purchasing an additional 635 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in Wyndham Hotels & Resorts in the second quarter worth $67,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Up 0.1 %

Shares of WH stock opened at $96.80 on Friday. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $98.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market cap of $7.53 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. The stock has a 50 day moving average of $84.04 and a 200-day moving average of $77.15.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 EPS. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WH. Oppenheimer raised 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. Robert W. Baird raised their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays upped their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. 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 on the stock. Finally, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.86.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 32.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,890 shares of company stock worth $9,273,255. 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.