Wyndham Hotels & Resorts, Inc. (NYSE:WH – Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, a decrease of 24.2% from the January 15th total of 2,270,000 shares. Based on an average daily trading volume, of 697,200 shares, the short-interest ratio is presently 2.5 days.
Hedge Funds Weigh In On Wyndham Hotels & Resorts
Several hedge funds and other institutional investors have recently modified their holdings of WH. Rockefeller Capital Management L.P. increased its stake in shares of Wyndham Hotels & Resorts by 139.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 255 shares during the last quarter. Allworth Financial LP increased its stake in shares of Wyndham Hotels & Resorts by 62.6% in the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the last quarter. Money Concepts Capital Corp bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at $33,000. Systematic Alpha Investments LLC bought a new stake in Wyndham Hotels & Resorts during the 3rd quarter worth $37,000. Finally, Point72 Hong Kong Ltd bought a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $46,000. Institutional investors own 92.06% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on WH. StockNews.com began coverage on Wyndham Hotels & Resorts in a research report on Wednesday, February 7th. They set a “hold” rating for the company. HSBC assumed coverage on Wyndham Hotels & Resorts in a research note on Monday, October 23rd. They issued a “buy” rating and a $87.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.
Wyndham Hotels & Resorts Trading Up 0.1 %
Shares of WH stock opened at $80.01 on Tuesday. Wyndham Hotels & Resorts has a fifty-two week low of $63.69 and a fifty-two week high of $81.73. The stock’s fifty day moving average price is $79.42 and its two-hundred day moving average price is $76.06. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $6.64 billion, a PE ratio of 23.33, a P/E/G ratio of 7.05 and a beta of 1.37.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.
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