Handelsbanken Fonder AB Reduces Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Handelsbanken Fonder AB lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,500 shares of the company's stock after selling 2,400 shares during the period. Handelsbanken Fonder AB's holdings in Wyndham Hotels & Resorts were worth $2,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WH. Trust Co. of Vermont boosted its stake in 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 in the last quarter. Assetmark Inc. acquired a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in 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 in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in 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 in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Analyst Ratings Changes

Several brokerages have commented on WH. Truist Financial lifted their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $116.80.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded up $0.09 during trading hours on Friday, hitting $108.19. The stock had a trading volume of 757,962 shares, compared to its average volume of 788,932. 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 50-day moving average price of $104.55 and a 200 day moving average price of $92.67. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.87 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, topping 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%. As a group, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

About Wyndham Hotels & Resorts

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.