Sherman Asset Management Inc. Acquires Shares of 531 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Sherman Asset Management Inc. acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 531 shares of the company’s stock, valued at approximately $54,000.

Several other large investors also recently added to or reduced their stakes in WH. Trust Co. of Vermont lifted its position in shares of Wyndham Hotels & Resorts by 434.8% in the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Wyndham Hotels & Resorts in the 4th quarter worth approximately $28,000. Assetmark Inc. purchased a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after purchasing an additional 190 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after purchasing an additional 203 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird boosted their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Stifel Nicolaus boosted their price objective on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Truist Financial boosted their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.80.

Wyndham Hotels & Resorts Stock Up 0.1 %

NYSE:WH opened at $108.19 on Friday. The company’s fifty day moving average price is $104.71 and its 200-day moving average price is $93.06. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $113.07. The firm has a market capitalization of $8.41 billion, a P/E ratio of 29.80, a PEG ratio of 1.87 and a beta of 1.29. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.00 and a quick ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.