MQS Management LLC Buys New Shares in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

MQS Management LLC purchased a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,916 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors have also added to or reduced their stakes in WH. SG Americas Securities LLC boosted its holdings in Wyndham Hotels & Resorts by 205.6% during the 1st quarter. SG Americas Securities LLC now owns 6,861 shares of the company’s stock valued at $527,000 after acquiring an additional 4,616 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Wyndham Hotels & Resorts by 6.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 109,872 shares of the company’s stock valued at $8,433,000 after purchasing an additional 6,638 shares during the period. Vanguard Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock worth $637,875,000 after purchasing an additional 581,909 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of Wyndham Hotels & Resorts by 432.5% in the first quarter. Edgestream Partners L.P. now owns 68,934 shares of the company’s stock worth $5,291,000 after purchasing an additional 55,989 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of Wyndham Hotels & Resorts by 0.4% in the first quarter. Thornburg Investment Management Inc. now owns 134,361 shares of the company’s stock worth $10,299,000 after buying an additional 601 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Price Performance

Shares of WH stock opened at $96.75 on Friday. The business’s fifty day moving average is $83.65 and its 200 day moving average is $77.00. 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 stock has a market cap of $7.53 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.46 and a beta of 1.31. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period last year, the business earned $1.31 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Insider Transactions at Wyndham Hotels & Resorts

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial boosted their price target on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Stifel Nicolaus lifted their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.86.

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.