Morningstar Investment Services LLC Decreases Stock Holdings in Wyndham Hotels & Resorts Inc (NYSE:WH)

Morningstar Investment Services LLC decreased its holdings in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 6.0% during the second quarter, Holdings Channel.com reports. The firm owned 128,683 shares of the company’s stock after selling 8,265 shares during the period. Morningstar Investment Services LLC’s holdings in Wyndham Hotels & Resorts were worth $5,445,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WH. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Wyndham Hotels & Resorts by 3.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,378 shares of the company’s stock valued at $456,000 after acquiring an additional 244 shares during the period. Piedmont Investment Advisors Inc. raised its stake in shares of Wyndham Hotels & Resorts by 2.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 9,438 shares of the company’s stock valued at $297,000 after acquiring an additional 264 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Wyndham Hotels & Resorts by 12.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,713 shares of the company’s stock valued at $85,000 after acquiring an additional 296 shares during the period. Ninety One SA PTY Ltd raised its stake in shares of Wyndham Hotels & Resorts by 2.7% in the first quarter. Ninety One SA PTY Ltd now owns 13,850 shares of the company’s stock valued at $466,000 after acquiring an additional 368 shares during the period. Finally, Coastline Trust Co raised its stake in shares of Wyndham Hotels & Resorts by 1.4% in the first quarter. Coastline Trust Co now owns 28,705 shares of the company’s stock valued at $904,000 after acquiring an additional 410 shares during the period. 93.38% of the stock is currently owned by institutional investors.

In other news, Chairman Stephen P. Holmes sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $43.96, for a total value of $4,396,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Geoffrey A. Ballotti purchased 10,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average price of $39.39 per share, for a total transaction of $393,900.00. The disclosure for this purchase can be found here. 1.84% of the stock is owned by corporate insiders.

Several research firms recently commented on WH. Oppenheimer reduced their price target on shares of Wyndham Hotels & Resorts from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Bank of America raised their price target on shares of Wyndham Hotels & Resorts from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Zacks Investment Research raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $41.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.80.

Wyndham Hotels & Resorts stock traded down $0.96 during midday trading on Friday, hitting $44.16. 1,566,228 shares of the company’s stock were exchanged, compared to its average volume of 761,410. The company has a debt-to-equity ratio of 3.03, a quick ratio of 2.76 and a current ratio of 3.14. Wyndham Hotels & Resorts Inc has a 12 month low of $14.50 and a 12 month high of $63.66. The firm has a 50-day moving average of $44.44 and a two-hundred day moving average of $45.19. The company has a market cap of $4.11 billion, a PE ratio of -92.00, a P/E/G ratio of 3.71 and a beta of 1.72.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Tuesday, July 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.16. Wyndham Hotels & Resorts had a negative net margin of 2.50% and a positive return on equity of 21.25%. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $255.70 million. During the same period in the prior year, the business earned $0.84 EPS. The firm’s quarterly revenue was down 51.6% on a year-over-year basis. As a group, equities analysts expect that Wyndham Hotels & Resorts Inc will post 1.24 earnings per share for the current year.

Wyndham Hotels & Resorts 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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