Oppenheimer Asset Management Inc. Sells 2,331 Shares of Wyndham Hotels & Resorts $WH

Oppenheimer Asset Management Inc. decreased its position in Wyndham Hotels & Resorts (NYSE:WH) by 42.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,182 shares of the company’s stock after selling 2,331 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $258,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Elequin Capital LP bought a new position in Wyndham Hotels & Resorts during the first quarter valued at about $29,000. Geneos Wealth Management Inc. raised its holdings in Wyndham Hotels & Resorts by 49.2% during the first quarter. Geneos Wealth Management Inc. now owns 376 shares of the company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. SVB Wealth LLC bought a new position in Wyndham Hotels & Resorts during the first quarter valued at about $46,000. Quarry LP raised its holdings in Wyndham Hotels & Resorts by 34.5% during the first quarter. Quarry LP now owns 542 shares of the company’s stock valued at $49,000 after buying an additional 139 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company’s stock valued at $57,000 after buying an additional 166 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the subject of a number of recent analyst reports. Barclays decreased their target price on Wyndham Hotels & Resorts from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Morgan Stanley set a $91.00 target price on Wyndham Hotels & Resorts and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research report on Wednesday, October 8th. Truist Financial set a $98.00 target price on Wyndham Hotels & Resorts in a research report on Friday, October 24th. Finally, Susquehanna decreased their target price on Wyndham Hotels & Resorts from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.13.

Wyndham Hotels & Resorts Stock Up 0.5%

WH opened at $73.46 on Monday. Wyndham Hotels & Resorts has a 1-year low of $71.37 and a 1-year high of $113.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.90 and a beta of 0.89. The business has a 50 day moving average of $81.51 and a 200-day moving average of $83.70.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, October 22nd. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.04. Wyndham Hotels & Resorts had a return on equity of 61.12% and a net margin of 23.54%.The business had revenue of $382.00 million for the quarter, compared to the consensus estimate of $406.29 million. During the same period last year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.480-4.62 EPS. As a group, sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 37.70%.

Wyndham Hotels & Resorts Profile

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