Brown Advisory Inc. Grows Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Posted by Defense World Staff on Aug 15th, 2023

Brown Advisory Inc. increased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH – Free Report) by 248.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,924 shares of the company’s stock after acquiring an additional 16,343 shares during the quarter. Brown Advisory Inc.’s holdings in Wyndham Hotels & Resorts were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WH. Rockefeller Capital Management L.P. increased its holdings in Wyndham Hotels & Resorts by 139.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after acquiring an additional 255 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter worth approximately $33,000. Point72 Hong Kong Ltd purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter worth approximately $46,000. North Star Investment Management Corp. purchased a new stake in Wyndham Hotels & Resorts in the 1st quarter worth approximately $47,000. Finally, GW&K Investment Management LLC increased its holdings in Wyndham Hotels & Resorts by 22.5% in the 4th quarter. GW&K Investment Management LLC now owns 943 shares of the company’s stock worth $67,000 after acquiring an additional 173 shares in the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Down 0.9 %

NYSE WH opened at $75.86 on Tuesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $6.39 billion, a P/E ratio of 22.64, a P/E/G ratio of 15.30 and a beta of 1.38. Wyndham Hotels & Resorts, Inc. has a one year low of $58.81 and a one year high of $81.00. The stock has a 50 day moving average price of $72.40 and a 200-day moving average price of $71.43.

Wyndham Hotels & Resorts (NYSE:WH – Get Free Report) last posted its earnings results on Wednesday, July 26th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. The firm had revenue of $362.00 million during the quarter, compared to the consensus estimate of $365.81 million. Wyndham Hotels & Resorts had a return on equity of 34.12% and a net margin of 20.76%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4 EPS for the current fiscal year.

Insider Activity

In related news, CAO Nicola Rossi sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $73.72, for a total value of $589,760.00. Following the completion of the sale, the chief accounting officer now directly owns 5,741 shares in the company, valued at $423,226.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WH has been the subject of several analyst reports. Barclays reduced their target price on shares of Wyndham Hotels & Resorts from $89.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, April 21st. Truist Financial cut their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, July 20th. Morgan Stanley cut their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $80.00 in a report on Tuesday, June 27th. StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, TheStreet raised shares of Wyndham Hotels & Resorts from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.57.

Get Our Latest Research Report on WH

Wyndham Hotels & Resorts Company Profile

(Free Report)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.