Eagle Asset Management Inc. Buys New Holdings in Wyndham Hotels & Resorts Inc (WH)

Eagle Asset Management Inc. bought a new position in Wyndham Hotels & Resorts Inc (NYSE:WH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,460 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds also recently added to or reduced their stakes in WH. BlackRock Inc. raised its stake in Wyndham Hotels & Resorts by 2.6% during the fourth quarter. BlackRock Inc. now owns 9,125,815 shares of the company’s stock valued at $414,039,000 after purchasing an additional 233,290 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Wyndham Hotels & Resorts by 4,437.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,794,202 shares of the company’s stock valued at $40,000 after purchasing an additional 1,754,656 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter valued at $73,628,000. Investec Asset Management LTD raised its stake in Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Investec Asset Management LTD now owns 1,619,816 shares of the company’s stock valued at $73,491,000 after purchasing an additional 24,568 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Wyndham Hotels & Resorts by 14.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,552,471 shares of the company’s stock valued at $70,436,000 after purchasing an additional 192,118 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts stock opened at $54.89 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.55. Wyndham Hotels & Resorts Inc has a 52-week low of $43.03 and a 52-week high of $66.95. The firm has a market cap of $5.42 billion and a P/E ratio of 20.25.



Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. Wyndham Hotels & Resorts had a net margin of 7.03% and a return on equity of 18.80%. The business had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $448.71 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue was up 55.0% compared to the same quarter last year. On average, equities research analysts predict that Wyndham Hotels & Resorts Inc will post 3.18 earnings per share for the current fiscal year.

In other Wyndham Hotels & Resorts news, insider Nicola Rossi sold 2,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephen P. Holmes sold 75,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $56.16, for a total transaction of $4,212,000.00. The disclosure for this sale can be found here. Insiders have sold 104,000 shares of company stock worth $5,769,150 in the last quarter. Company insiders own 1.90% of the company’s stock.

A number of equities research analysts recently issued reports on WH shares. Oppenheimer set a $69.00 price target on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Thursday, February 14th. Jefferies Financial Group set a $72.00 price target on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research downgraded shares of Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Wyndham Hotels & Resorts has an average rating of “Buy” and a consensus price target of $69.88.

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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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