Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,881 shares of the company's stock after selling 33,947 shares during the period. Oppenheimer & Co. Inc.'s holdings in Wyndham Hotels & Resorts were worth $290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter valued at about $248,000. Stifel Financial Corp increased its stake in shares of Wyndham Hotels & Resorts by 91.9% in the 3rd quarter. Stifel Financial Corp now owns 30,665 shares of the company's stock valued at $2,396,000 after buying an additional 14,688 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company's stock worth $136,533,000 after purchasing an additional 506,593 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of Wyndham Hotels & Resorts by 74.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company's stock worth $50,167,000 after purchasing an additional 213,052 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in Wyndham Hotels & Resorts by 37.7% during the third quarter. Natixis Advisors LLC now owns 34,537 shares of the company's stock worth $2,699,000 after acquiring an additional 9,463 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts recently issued reports on WH shares. Jefferies Financial Group upped their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Morgan Stanley upped their target price on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group increased their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays increased their price target on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial raised their price target on shares of Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $116.45.

Wyndham Hotels & Resorts Stock Down 2.0 %

NYSE WH traded down $1.97 on Friday, reaching $98.44. 2,076,263 shares of the stock traded hands, compared to its average volume of 781,567. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07. The company has a fifty day moving average price of $104.81 and a 200-day moving average price of $94.03. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

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

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.41 dividend. The ex-dividend date is Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.67%. Wyndham Hotels & Resorts's dividend payout ratio is 41.87%.

About Wyndham Hotels & Resorts

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