Lincoln Capital Corp Reduces Stock Position in Wyndham Hotels & Resorts Inc (NYSE:WH)

Lincoln Capital Corp cut its stake in Wyndham Hotels & Resorts Inc (NYSE:WH) by 7.2% in the third quarter, Holdings Channel.com reports. The firm owned 29,485 shares of the company’s stock after selling 2,291 shares during the quarter. Wyndham Hotels & Resorts makes up approximately 1.3% of Lincoln Capital Corp’s investment portfolio, making the stock its 29th biggest position. Lincoln Capital Corp’s holdings in Wyndham Hotels & Resorts were worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WH. Eagle Asset Management Inc. lifted its holdings in Wyndham Hotels & Resorts by 13.4% in the third quarter. Eagle Asset Management Inc. now owns 5,588 shares of the company’s stock valued at $289,000 after acquiring an additional 662 shares during the last quarter. First Trust Advisors LP lifted its holdings in Wyndham Hotels & Resorts by 969.0% in the third quarter. First Trust Advisors LP now owns 116,761 shares of the company’s stock valued at $6,041,000 after acquiring an additional 105,839 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in Wyndham Hotels & Resorts by 2.1% in the third quarter. Coronation Fund Managers Ltd. now owns 131,344 shares of the company’s stock valued at $6,796,000 after acquiring an additional 2,661 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Wyndham Hotels & Resorts by 10.1% in the third quarter. Russell Investments Group Ltd. now owns 196,719 shares of the company’s stock valued at $10,177,000 after acquiring an additional 18,025 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Wyndham Hotels & Resorts by 6.6% in the third quarter. Oppenheimer & Co. Inc. now owns 64,870 shares of the company’s stock valued at $3,357,000 after acquiring an additional 4,024 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company’s stock.

A number of research analysts recently commented on the company. ValuEngine cut Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Robert W. Baird initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, August 21st. They set an “outperform” rating and a $62.00 price target on the stock. Zacks Investment Research upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Saturday. JPMorgan Chase & Co. decreased their price target on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Finally, Stifel Nicolaus set a $65.00 price target on Wyndham Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.13.

NYSE:WH traded up $0.79 during trading hours on Friday, reaching $55.78. 607,406 shares of the stock were exchanged, compared to its average volume of 937,047. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. The business has a 50-day moving average of $52.02 and a two-hundred day moving average of $54.39. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $61.49. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.52 and a beta of 1.09.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Wyndham Hotels & Resorts had a return on equity of 22.24% and a net margin of 6.47%. The company had revenue of $560.00 million for the quarter, compared to analysts’ expectations of $576.90 million. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year. On average, research analysts forecast that Wyndham Hotels & Resorts Inc will post 3.26 EPS for the current fiscal year.

In related news, insider Geoffrey A. Ballotti acquired 10,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $50.26 per share, for a total transaction of $502,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David B. Wyshner acquired 2,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $50.37 per share, for a total transaction of $100,740.00. The disclosure for this purchase can be found here. Insiders have acquired 22,000 shares of company stock worth $1,102,840 over the last 90 days. 1.90% of the stock is owned by insiders.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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