CIBC Asset Management Inc Buys New Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

CIBC Asset Management Inc bought a new stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,457 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds have also recently modified their holdings of WH. Trust Co. of Vermont raised its position in shares of Wyndham Hotels & Resorts by 434.8% in the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company's stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. raised its position in shares of Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company's stock worth $32,000 after purchasing an additional 190 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company's stock worth $36,000 after purchasing an additional 203 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company's stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WH shares. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Barclays boosted their target price on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Susquehanna boosted their target price on Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has an average rating of "Moderate Buy" and an average price target of $116.80.

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Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH traded up $0.09 during midday trading on Friday, hitting $108.19. 757,962 shares of the company's stock traded hands, compared to its average volume of 788,932. Wyndham Hotels & Resorts, Inc. has a 1 year low of $67.67 and a 1 year high of $113.07. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $104.55 and a 200 day moving average of $92.67.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.