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

Oppenheimer & Co. Inc. lessened its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in Wyndham Hotels & Resorts in the third quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares during the last quarter. Concord Wealth Partners boosted its holdings in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares in the last quarter. Blue Trust Inc. grew its position in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after acquiring an additional 635 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in Wyndham Hotels & Resorts during the 2nd quarter valued at $67,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott R. Strickland sold 2,850 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now directly owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,890 shares of company stock valued at $9,273,255 over the last three months. Company insiders own 2.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WH. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Oppenheimer upped their target price on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $97.86.

Wyndham Hotels & Resorts Stock Up 0.1 %

Shares of NYSE WH opened at $96.80 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market capitalization 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 firm’s 50-day moving average is $84.04 and its 200-day moving average is $77.15. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million for 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 revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.31 earnings per share. Equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wyndham Hotels & Resorts Profile

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.