AXQ Capital LP lowered its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH – Free Report) by 67.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,783 shares of the company’s stock after selling 16,123 shares during the period. AXQ Capital LP’s holdings in Wyndham Hotels & Resorts were worth $622,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Wyndham Hotels & Resorts by 73.5% in the second quarter. EverSource Wealth Advisors LLC now owns 314 shares of the company’s stock valued at $25,000 after buying an additional 133 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 5,950.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 363 shares of the company’s stock worth $29,000 after acquiring an additional 357 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Wyndham Hotels & Resorts by 49.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Cornerstone Planning Group LLC bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter valued at $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 purchasing an additional 319 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
Wyndham Hotels & Resorts Stock Up 1.6%
WH stock opened at $84.40 on Wednesday. Wyndham Hotels & Resorts has a 12 month low of $69.21 and a 12 month high of $109.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 5.37. The stock has a market capitalization of $6.34 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.76. The firm has a 50-day moving average price of $78.05 and a 200-day moving average price of $78.84.
Insider Activity
In other news, insider Scott R. Strickland sold 28,134 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $71.11, for a total value of $2,000,608.74. Following the completion of the transaction, the insider owned 40,363 shares of the company’s stock, valued at $2,870,212.93. This represents a 41.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of the firm’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 completion of the transaction, the chief executive officer owned 490,028 shares of the company’s stock, valued at approximately $38,844,519.56. This trade represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 84,227 shares of company stock worth $6,440,298. Company insiders own 2.46% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Truist Financial upped their price objective on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Mizuho raised their price objective on shares of Wyndham Hotels & Resorts from $97.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays restated an “overweight” rating and set a $98.00 price objective on shares of Wyndham Hotels & Resorts in a report on Friday. Finally, Stifel Nicolaus lowered 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. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.46.
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.
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