Oppenheimer Asset Management Inc. Makes New $290,000 Investment in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Oppenheimer Asset Management Inc. bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,922 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 80.9% during the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. raised its holdings in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares in the last quarter. TFO Wealth Partners LLC lifted its position in Wyndham Hotels & Resorts by 41,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock valued at $66,000 after buying an additional 822 shares during the period. Family Firm Inc. purchased a new position in Wyndham Hotels & Resorts during the second quarter valued at $67,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at $70,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday. They set a “buy” rating and a $96.00 price target for the company. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna assumed coverage on Wyndham Hotels & Resorts in a research report on Friday, June 21st. They issued a “neutral” rating and a $80.00 price target on the stock. Barclays upped their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Truist Financial lowered their price objective on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.25.

Insider Activity

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Nicola Rossi sold 7,297 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 over the last three months. Insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $79.40 on Friday. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 2.70 and a beta of 1.33. The business’s fifty day simple moving average is $76.10 and its two-hundred day simple moving average is $74.13. Wyndham Hotels & Resorts, Inc. has a 12 month low of $65.63 and a 12 month high of $81.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. Wyndham Hotels & Resorts had a return on equity of 47.05% and a net margin of 18.28%. The company had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same period last year, the firm posted $0.93 earnings per share. Wyndham Hotels & Resorts’s revenue was up 1.4% compared to the same quarter last year. Research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. Wyndham Hotels & Resorts’s dividend payout ratio is presently 53.90%.

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.