Assetmark Inc. Invests $30,000 in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Assetmark Inc. acquired a new stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 390 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Wyndham Hotels & Resorts by 80.9% during the second quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares in the last quarter. Concord Wealth Partners boosted its position in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Wyndham Hotels & Resorts by 1,245.1% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after buying an additional 635 shares in the last quarter. Family Firm Inc. acquired a new stake in Wyndham Hotels & Resorts in the 2nd quarter valued at about $67,000. Finally, International Assets Investment Management LLC purchased a new position in Wyndham Hotels & Resorts during the 2nd quarter valued at about $70,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Scott R. Strickland sold 2,850 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This represents a 9.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. The trade was a 59.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,890 shares of company stock worth $9,273,255 in the last three months. Company insiders own 2.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on WH shares. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial increased their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer boosted their price target on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.86.

Wyndham Hotels & Resorts Trading Down 1.1 %

Shares of Wyndham Hotels & Resorts stock opened at $94.47 on Wednesday. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $98.73. The business’s fifty day moving average is $84.75 and its two-hundred day moving average is $77.51. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market cap of $7.35 billion, a PE ratio of 29.99, a P/E/G ratio of 2.45 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. Analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Company 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.