Thrivent Financial for Lutherans Acquires 506,593 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Thrivent Financial for Lutherans boosted its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 40.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,747,295 shares of the company's stock after acquiring an additional 506,593 shares during the quarter. Thrivent Financial for Lutherans owned approximately 2.25% of Wyndham Hotels & Resorts worth $136,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WH. Burgundy Asset Management Ltd. raised its position in shares of Wyndham Hotels & Resorts by 70.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company's stock valued at $163,589,000 after purchasing an additional 916,742 shares during the period. Vanguard Group Inc. raised its position in shares of Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company's stock valued at $637,875,000 after purchasing an additional 581,909 shares during the period. Janus Henderson Group PLC raised its position in shares of Wyndham Hotels & Resorts by 1,186.0% in the first quarter. Janus Henderson Group PLC now owns 509,441 shares of the company's stock valued at $39,092,000 after purchasing an additional 469,827 shares during the period. Boston Partners raised its position in shares of Wyndham Hotels & Resorts by 15.4% in the first quarter. Boston Partners now owns 3,227,106 shares of the company's stock valued at $247,646,000 after purchasing an additional 430,053 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Wyndham Hotels & Resorts by 284,590.0% in the third quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company's stock valued at $22,246,000 after purchasing an additional 284,590 shares during the period. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling 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 value of $251,199.00. Following the sale, the insider now directly owns 26,062 shares in the company, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,890 shares of company stock worth $9,273,255. Company insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Price Performance

NYSE WH traded up $0.10 on Friday, hitting $96.79. 682,397 shares of the company were exchanged, compared to its average volume of 992,872. The firm has a 50 day moving average of $84.04 and a two-hundred day moving average of $77.21. The company has a market cap of $7.53 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.45 and a beta of 1.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 1-year low of $67.67 and a 1-year high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the company posted $1.31 EPS. The company's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.86.

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.