Handelsbanken Fonder AB Sells 2,400 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Handelsbanken Fonder AB reduced its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,500 shares of the company’s stock after selling 2,400 shares during the period. Handelsbanken Fonder AB’s holdings in Wyndham Hotels & Resorts were worth $2,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its position in shares of Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock valued at $1,103,000 after acquiring an additional 113 shares during the period. Equitable Trust Co. lifted its holdings in Wyndham Hotels & Resorts by 1.5% during the fourth quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock valued at $937,000 after purchasing an additional 135 shares during the last quarter. M&T Bank Corp increased its stake in shares of Wyndham Hotels & Resorts by 4.2% in the third quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock worth $267,000 after purchasing an additional 138 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Wyndham Hotels & Resorts by 2.7% in the third quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock valued at $443,000 after purchasing an additional 147 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Wyndham Hotels & Resorts by 72.7% in the 4th quarter. UMB Bank n.a. now owns 399 shares of the company’s stock worth $40,000 after buying an additional 168 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Down 0.8 %

Shares of Wyndham Hotels & Resorts stock opened at $106.33 on Wednesday. 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, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The company’s 50 day moving average price is $104.20 and its 200-day moving average price is $92.46. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 1.87 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on WH shares. Truist Financial raised their price target on Wyndham Hotels & Resorts from $105.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, 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 research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.80.

About Wyndham Hotels & Resorts

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