Savoir Faire Capital Management L.P. Sells 59,349 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Savoir Faire Capital Management L.P. reduced its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 49.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,507 shares of the company’s stock after selling 59,349 shares during the period. Wyndham Hotels & Resorts accounts for 2.4% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 18th biggest holding. Savoir Faire Capital Management L.P. owned 0.08% of Wyndham Hotels & Resorts worth $4,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WH. Assetmark Inc. bought a new stake in shares of Wyndham Hotels & Resorts during the third quarter worth about $30,000. GAMMA Investing LLC grew its position in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after purchasing an additional 207 shares in the last quarter. Concord Wealth Partners grew its position in Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares in the last quarter. Blue Trust Inc. boosted its stake in Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $53,000 after acquiring an additional 635 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in Wyndham Hotels & Resorts in the second quarter valued at about $67,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Wyndham Hotels & Resorts news, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,890 shares of company stock valued at $9,273,255. 2.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WH. Truist Financial boosted their target price on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They set a “buy” rating and a $96.00 price target on the stock. Oppenheimer upped their price target on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus upped their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.86.

Wyndham Hotels & Resorts Trading Down 1.4 %

NYSE:WH opened at $95.48 on Tuesday. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $98.73. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.45 and a beta of 1.31. The company has a 50-day moving average price of $84.39 and a 200-day moving average price of $77.36. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. Equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current year.

About Wyndham Hotels & Resorts

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.