Assetmark Inc. Buys 19,204 Shares of Wyndham Hotels & Resorts $WH

Assetmark Inc. increased its position in shares of Wyndham Hotels & Resorts (NYSE:WH) by 23.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,712 shares of the company’s stock after buying an additional 19,204 shares during the quarter. Assetmark Inc. owned 0.14% of Wyndham Hotels & Resorts worth $8,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WH. Alps Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 125.6% during the third quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock valued at $12,454,000 after acquiring an additional 86,790 shares during the period. Compass Wealth Management LLC bought a new stake in shares of Wyndham Hotels & Resorts during the third quarter worth $18,137,000. Savoir Faire Capital Management L.P. lifted its stake in shares of Wyndham Hotels & Resorts by 89.9% during the third quarter. Savoir Faire Capital Management L.P. now owns 69,885 shares of the company’s stock valued at $5,584,000 after acquiring an additional 33,081 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Wyndham Hotels & Resorts by 9.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,657,402 shares of the company’s stock worth $132,427,000 after buying an additional 140,978 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new position in Wyndham Hotels & Resorts in the second quarter valued at about $347,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $77.69 on Tuesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 1.16 and a current ratio of 1.16. Wyndham Hotels & Resorts has a fifty-two week low of $69.21 and a fifty-two week high of $113.07. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.16 and a beta of 0.76. The stock has a fifty day moving average price of $77.17 and a 200-day moving average price of $78.90.

Insider Buying and Selling

In other news, insider Scott R. Strickland sold 28,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the completion of the sale, the insider owned 40,363 shares of the company’s stock, valued at $2,870,212.93. This trade represents a 41.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Geoffrey A. Ballotti sold 55,124 shares of Wyndham Hotels & Resorts stock in a transaction 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 sale, the chief executive officer owned 490,028 shares of the company’s stock, valued at $38,844,519.56. This represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 84,227 shares of company stock worth $6,440,298 in the last 90 days. Corporate insiders own 2.46% of the company’s stock.

Analyst Ratings Changes

WH has been the subject of several research analyst reports. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Mizuho set a $97.00 price objective on shares of Wyndham Hotels & Resorts and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Zacks Research upgraded shares of Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Stifel Nicolaus lowered their price target on shares of Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Barclays cut their price target on shares of Wyndham Hotels & Resorts from $94.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Wyndham Hotels & Resorts 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.