Winslow Asset Management Inc. Has $4.05 Million Stake in Wyndham Hotels & Resorts Inc (WH)

Winslow Asset Management Inc. decreased its holdings in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 72,922 shares of the company’s stock after selling 1,235 shares during the period. Winslow Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $4,052,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. San Francisco Sentry Investment Group CA acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at $113,000. Squar Milner Financial Services LLC acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at $115,000. Huntington National Bank acquired a new position in Wyndham Hotels & Resorts in the third quarter valued at $124,000. CENTRAL TRUST Co acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at $134,000. Finally, Winslow Evans & Crocker Inc. boosted its holdings in Wyndham Hotels & Resorts by 86.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,370 shares of the company’s stock valued at $134,000 after acquiring an additional 1,102 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

In other Wyndham Hotels & Resorts news, insider Thomas Hunter Barber sold 879 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $60.07, for a total transaction of $52,801.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David B. Wyshner acquired 3,669 shares of Wyndham Hotels & Resorts stock in a transaction on Thursday, September 6th. The shares were bought at an average price of $54.52 per share, for a total transaction of $200,033.88. The disclosure for this purchase can be found here.

A number of research analysts recently weighed in on WH shares. Goldman Sachs Group upgraded Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a report on Monday, June 25th. Longbow Research started coverage on Wyndham Hotels & Resorts in a report on Friday, September 7th. They issued a “buy” rating and a $77.00 target price on the stock. Wolfe Research cut Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Finally, UBS Group upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wyndham Hotels & Resorts presently has an average rating of “Buy” and an average price target of $73.29.

Shares of WH traded down $0.86 during midday trading on Thursday, reaching $50.19. 27,281 shares of the company were exchanged, compared to its average volume of 1,043,149. Wyndham Hotels & Resorts Inc has a 1-year low of $49.68 and a 1-year high of $66.95. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.15.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.05). The business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $514.63 million. The business’s revenue was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Wyndham Hotels & Resorts Inc will post 2.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 13th.

Wyndham Hotels & Resorts Profile

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.

Further Reading: What is a closed-end mutual fund (CEF)?

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

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