Coldstream Capital Management Inc. Cuts Stock Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Coldstream Capital Management Inc. lessened its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,847 shares of the company’s stock after selling 118 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Wyndham Hotels & Resorts were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Burgundy Asset Management Ltd. raised its holdings in shares of Wyndham Hotels & Resorts by 70.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after purchasing an additional 916,742 shares during the period. Thrivent Financial for Lutherans increased its position in Wyndham Hotels & Resorts by 40.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after buying an additional 506,593 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wyndham Hotels & Resorts by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,237,944 shares of the company’s stock valued at $91,609,000 after buying an additional 196,982 shares during the period. Millennium Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 12.6% in the second quarter. Millennium Management LLC now owns 1,174,404 shares of the company’s stock valued at $86,906,000 after buying an additional 131,848 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Wyndham Hotels & Resorts by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 722,082 shares of the company’s stock valued at $56,423,000 after buying an additional 7,241 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Oppenheimer lifted their price objective on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus boosted their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective 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, StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.56.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares of the company’s stock, valued at $2,297,104.68. The trade was a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total value of $7,280,800.00. Following the completion of the transaction, the director now owns 366,371 shares of the company’s stock, valued at $33,343,424.71. The trade was a 17.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,850 shares of company stock valued at $8,881,849 in the last quarter. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Trading Down 0.3 %

Wyndham Hotels & Resorts stock opened at $103.33 on Friday. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $105.12. The stock has a market cap of $8.04 billion, a P/E ratio of 32.80, a PEG ratio of 2.42 and a beta of 1.32. The firm’s fifty day moving average price is $92.21 and its 200-day moving average price is $81.02.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The business had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.31 EPS. Equities research analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, December 13th. This represents a $1.52 annualized dividend and a yield of 1.47%. Wyndham Hotels & Resorts’s payout ratio is presently 48.25%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.