Wyndham Hotels & Resorts (WH) Upgraded by Zacks Investment Research to Hold

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Wyndham Hotels & Resorts (NYSE:WH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Wyndham Hotels and Resorts provide hotel and resort chain. It operates primarily in Canada, Mexico, Colombia, Ecuador, Turkey, Germany, the UK, the Caribbean and Margarita Island in Venezuela. Wyndham Hotels and Resorts is headquartered in New Jersey, United States. “

Other equities analysts have also recently issued reports about the stock. UBS Group raised shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Wolfe Research raised shares of Wyndham Hotels & Resorts from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 10th. Oppenheimer set a $69.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock a “buy” rating in a research note on Tuesday. Finally, Longbow Research assumed coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, September 7th. They issued a “buy” rating and a $77.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $73.29.

WH traded up $0.38 during trading on Thursday, hitting $49.67. 37,374 shares of the company traded hands, compared to its average volume of 1,120,633. Wyndham Hotels & Resorts has a 1 year low of $43.54 and a 1 year high of $66.95. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $561.42 million. Wyndham Hotels & Resorts’s quarterly revenue was up 74.1% on a year-over-year basis. Sell-side analysts predict that Wyndham Hotels & Resorts will post 3.06 earnings per share for the current year.

In other news, CFO David B. Wyshner purchased 3,669 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of $54.52 per share, with a total value of $200,033.88. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas Hunter Barber sold 879 shares of Wyndham Hotels & Resorts 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 disclosure for this sale can be found here.

Hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in shares of Wyndham Hotels & Resorts by 2.5% in the 3rd quarter. Arizona State Retirement System now owns 70,972 shares of the company’s stock worth $3,944,000 after buying an additional 1,737 shares during the last quarter. North Star Asset Management Inc. grew its position in shares of Wyndham Hotels & Resorts by 6.0% in the 3rd quarter. North Star Asset Management Inc. now owns 173,478 shares of the company’s stock worth $9,641,000 after buying an additional 9,867 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Wyndham Hotels & Resorts by 13.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 142,483 shares of the company’s stock worth $7,921,000 after buying an additional 17,046 shares during the last quarter. Palo Capital Inc. grew its position in shares of Wyndham Hotels & Resorts by 83.3% in the 3rd quarter. Palo Capital Inc. now owns 38,324 shares of the company’s stock worth $2,130,000 after buying an additional 17,414 shares during the last quarter. Finally, Northpointe Capital LLC purchased a new position in shares of Wyndham Hotels & Resorts in the 3rd quarter worth approximately $2,902,000. 86.16% of the stock is owned by hedge funds and other institutional investors.

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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