Lincoln Capital Corp Sells 2,291 Shares of Wyndham Hotels & Resorts Inc (NYSE:WH)

Lincoln Capital Corp reduced its stake in Wyndham Hotels & Resorts Inc (NYSE:WH) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,485 shares of the company’s stock after selling 2,291 shares during the period. Wyndham Hotels & Resorts accounts for 1.3% of Lincoln Capital Corp’s holdings, making the stock its 29th biggest holding. Lincoln Capital Corp’s holdings in Wyndham Hotels & Resorts were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of WH. Boston Partners boosted its stake in shares of Wyndham Hotels & Resorts by 21.6% during the second quarter. Boston Partners now owns 6,947,760 shares of the company’s stock valued at $387,501,000 after purchasing an additional 1,232,708 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Wyndham Hotels & Resorts by 12.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,591,788 shares of the company’s stock valued at $144,881,000 after acquiring an additional 295,411 shares during the period. Bessemer Group Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,560,951 shares of the company’s stock valued at $142,746,000 after acquiring an additional 11,481 shares during the period. Invesco Ltd. increased its holdings in shares of Wyndham Hotels & Resorts by 114.7% in the 2nd quarter. Invesco Ltd. now owns 1,268,421 shares of the company’s stock valued at $70,702,000 after acquiring an additional 677,607 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 14.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 787,832 shares of the company’s stock valued at $43,914,000 after acquiring an additional 99,512 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

A number of brokerages have recently issued reports on WH. TheStreet upgraded Wyndham Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Monday, August 26th. Stifel Nicolaus set a $65.00 price target on Wyndham Hotels & Resorts and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. cut their price target on Wyndham Hotels & Resorts from $64.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. ValuEngine downgraded Wyndham Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Finally, Zacks Investment Research upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Saturday. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.13.

Shares of WH stock traded up $0.79 on Friday, hitting $55.78. The company had a trading volume of 607,406 shares, compared to its average volume of 937,047. The firm has a market cap of $5.25 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company has a 50-day moving average price of $52.02 and a 200-day moving average price of $54.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $61.49.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $576.90 million. Wyndham Hotels & Resorts had a return on equity of 22.24% and a net margin of 6.47%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts expect that Wyndham Hotels & Resorts Inc will post 3.26 EPS for the current year.

In related news, insider Geoffrey A. Ballotti acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $50.26 per share, with a total value of $502,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wyshner acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $50.37 per share, with a total value of $100,740.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 22,000 shares of company stock valued at $1,102,840. Insiders own 1.90% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. The company licenses its hotel brands, including Super 8, Days Inn, Ramada, Microtel Inn & Suites, La Quinta, Wingate, AmericInn, Hawthorn Suites, The Trademark Collection, and Wyndham to hotel owners in approximately 80 countries.

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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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