TD Asset Management Inc increased its position in Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 894.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,384 shares of the company’s stock after purchasing an additional 221,600 shares during the quarter. TD Asset Management Inc owned approximately 0.33% of Wyndham Hotels & Resorts worth $19,686,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of WH. Norges Bank bought a new position in shares of Wyndham Hotels & Resorts during the 2nd quarter worth $109,337,000. Long Pond Capital LP raised its holdings in shares of Wyndham Hotels & Resorts by 545.8% in the second quarter. Long Pond Capital LP now owns 1,505,781 shares of the company’s stock valued at $122,284,000 after acquiring an additional 1,272,628 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in Wyndham Hotels & Resorts by 226.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 982,827 shares of the company’s stock worth $79,815,000 after acquiring an additional 681,645 shares in the last quarter. Champlain Investment Partners LLC bought a new position in Wyndham Hotels & Resorts during the 2nd quarter worth about $39,681,000. Finally, Boston Partners increased its position in Wyndham Hotels & Resorts by 9.1% during the 2nd quarter. Boston Partners now owns 3,130,373 shares of the company’s stock valued at $254,449,000 after purchasing an additional 261,530 shares during the period. 93.46% of the stock is owned by institutional investors.
Wyndham Hotels & Resorts Stock Down 2.7%
Wyndham Hotels & Resorts stock opened at $81.76 on Friday. Wyndham Hotels & Resorts has a 1-year low of $69.21 and a 1-year high of $109.63. The business has a fifty day moving average price of $78.27 and a 200-day moving average price of $78.83. The company has a debt-to-equity ratio of 5.37, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.10 and a beta of 0.76.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $100.00 price objective on shares of Wyndham Hotels & Resorts in a research note on Friday, February 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Wyndham Hotels & Resorts in a research report on Friday, February 20th. Wall Street Zen lowered Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Truist Financial upped their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research upgraded Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.46.
Read Our Latest Stock Report on WH
Insider Buying and Selling
In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 28,134 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the transaction, the insider owned 40,363 shares in the company, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the sale, the chief executive officer directly owned 490,028 shares in the company, valued at $38,844,519.56. This trade represents a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 84,227 shares of company stock valued at $6,440,298 over the last quarter. 2.46% of the stock is owned by company insiders.
Wyndham Hotels & Resorts Profile
Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.
The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.
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