Oppenheimer Asset Management Inc. Has $283,000 Holdings in Wyndham Hotels & Resorts Inc (NYSE:WH)

Oppenheimer Asset Management Inc. reduced its holdings in Wyndham Hotels & Resorts Inc (NYSE:WH) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,075 shares of the company’s stock after selling 1,178 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WH. Dimensional Fund Advisors LP boosted its holdings in shares of Wyndham Hotels & Resorts by 30.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 788,405 shares of the company’s stock worth $35,770,000 after acquiring an additional 184,018 shares in the last quarter. Geode Capital Management LLC raised its position in Wyndham Hotels & Resorts by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 937,826 shares of the company’s stock worth $42,549,000 after purchasing an additional 53,343 shares during the last quarter. SG Americas Securities LLC raised its position in Wyndham Hotels & Resorts by 19.5% in the 1st quarter. SG Americas Securities LLC now owns 16,661 shares of the company’s stock worth $833,000 after purchasing an additional 2,723 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Wyndham Hotels & Resorts by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,303 shares of the company’s stock worth $315,000 after purchasing an additional 306 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Wyndham Hotels & Resorts by 42.9% in the 1st quarter. Janus Henderson Group PLC now owns 17,031 shares of the company’s stock worth $852,000 after purchasing an additional 5,111 shares during the last quarter. 91.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wyndham Hotels & Resorts stock traded up $0.92 on Friday, hitting $54.53. 11,003 shares of the company’s stock traded hands, compared to its average volume of 925,882. The firm’s 50-day moving average price is $53.07 and its two-hundred day moving average price is $54.37. The stock has a market capitalization of $5.13 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.07. Wyndham Hotels & Resorts Inc has a one year low of $43.03 and a one year high of $61.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.24 and a quick ratio of 1.24.

Wyndham Hotels & Resorts (NYSE:WH) last issued its earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. On average, analysts forecast that Wyndham Hotels & Resorts Inc will post 3.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 12th. Wyndham Hotels & Resorts’s payout ratio is 42.80%.

In other news, Director Ronald L. Nelson acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $49.95 per share, for a total transaction of $499,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David B. Wyshner acquired 2,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $50.37 per share, with a total value of $100,740.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,000 shares of company stock valued at $1,102,840 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Several research firms recently weighed in on WH. Zacks Investment Research cut shares of Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Bank of America began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, June 12th. They issued a “buy” rating and a $62.00 price objective for the company. Robert W. Baird began coverage on shares of Wyndham Hotels & Resorts in a research report on Wednesday, August 21st. They issued an “outperform” rating and a $62.00 price objective for the company. TheStreet upgraded shares of Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Wyndham Hotels & Resorts currently has an average rating of “Buy” and an average price target of $65.38.

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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