Seven Eight Capital LP Takes $2.42 Million Position in Wyndham Hotels & Resorts Inc (WH)

Seven Eight Capital LP bought a new position in Wyndham Hotels & Resorts Inc (NYSE:WH) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 43,600 shares of the company’s stock, valued at approximately $2,423,000.

Several other institutional investors and hedge funds also recently modified their holdings of WH. Huntington National Bank acquired a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at about $124,000. Oakbrook Investments LLC grew its position in Wyndham Hotels & Resorts by 32.1% in the 3rd quarter. Oakbrook Investments LLC now owns 7,000 shares of the company’s stock valued at $389,000 after acquiring an additional 1,700 shares in the last quarter. Raymond James Trust N.A. grew its position in Wyndham Hotels & Resorts by 23.2% in the 3rd quarter. Raymond James Trust N.A. now owns 6,684 shares of the company’s stock valued at $372,000 after acquiring an additional 1,258 shares in the last quarter. First Hawaiian Bank acquired a new position in Wyndham Hotels & Resorts in the 3rd quarter valued at about $384,000. Finally, Winslow Evans & Crocker Inc. grew its position in Wyndham Hotels & Resorts by 86.9% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 2,370 shares of the company’s stock valued at $134,000 after acquiring an additional 1,102 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on WH shares. Goldman Sachs Group raised Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a research report on Monday, June 25th. Wolfe Research cut Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a research note on Tuesday, July 10th. UBS Group upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Longbow Research assumed coverage on 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. Finally, Zacks Investment Research upgraded Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $73.29.

In related news, insider Geoffrey A. Ballotti acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was acquired at an average price of $61.48 per share, for a total transaction of $614,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David B. Wyshner bought 3,669 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average price of $54.52 per share, with a total value of $200,033.88. The disclosure for this purchase can be found here.

Shares of WH opened at $48.16 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.15. Wyndham Hotels & Resorts Inc has a 1 year low of $47.88 and a 1 year high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.05). The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $514.63 million. Wyndham Hotels & Resorts’s revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts anticipate that Wyndham Hotels & Resorts Inc will post 2.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, September 13th.

Wyndham Hotels & Resorts Profile

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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Institutional Ownership by Quarter for Wyndham Hotels & Resorts (NYSE:WH)

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