Assetmark Inc. Has $8.21 Million Stake in Wyndham Hotels & Resorts $WH

Assetmark Inc. raised its stake in Wyndham Hotels & Resorts (NYSE:WH) by 23.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 102,712 shares of the company’s stock after buying an additional 19,204 shares during the quarter. Assetmark Inc.’s holdings in Wyndham Hotels & Resorts were worth $8,207,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new stake in Wyndham Hotels & Resorts during the third quarter worth $297,000. Smartleaf Asset Management LLC lifted its stake in Wyndham Hotels & Resorts by 181.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after acquiring an additional 319 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Wyndham Hotels & Resorts by 125.6% during the 3rd quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock worth $12,454,000 after acquiring an additional 86,790 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Wyndham Hotels & Resorts by 0.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 138,529 shares of the company’s stock worth $11,068,000 after acquiring an additional 477 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Wyndham Hotels & Resorts by 1,537.2% in the third quarter. Hantz Financial Services Inc. now owns 5,943 shares of the company’s stock valued at $475,000 after purchasing an additional 5,580 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, insider Scott R. Strickland sold 28,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total value of $2,000,608.74. Following the sale, the insider owned 40,363 shares of the company’s stock, valued at $2,870,212.93. The trade was a 41.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the sale, the chief executive officer owned 490,028 shares in the company, valued at $38,844,519.56. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 84,227 shares of company stock valued at $6,440,298. 2.46% of the stock is currently owned by insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of WH opened at $77.69 on Tuesday. The firm has a market cap of $5.87 billion, a PE ratio of 17.86, a PEG ratio of 2.16 and a beta of 0.76. The stock’s fifty day moving average price is $77.17 and its two-hundred day moving average price is $78.90. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WH. JPMorgan Chase & Co. cut their price target on shares of Wyndham Hotels & Resorts from $95.00 to $91.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Truist Financial lifted their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company began coverage on Wyndham Hotels & Resorts in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $82.00 target price for the company. Morgan Stanley decreased their price target on Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Finally, Stifel Nicolaus cut their price objective on Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $92.83.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.