ING Groep NV Acquires New Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

ING Groep NV bought a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) during the 4th quarter, Holdings Channel reports. The institutional investor bought 35,900 shares of the company’s stock, valued at approximately $3,618,000.

Several other institutional investors and hedge funds have also bought and sold shares of WH. Trust Co. of Vermont boosted its position in shares of Wyndham Hotels & Resorts by 434.8% during the 4th quarter. Trust Co. of Vermont now owns 246 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Assetmark Inc. bought a new stake in Wyndham Hotels & Resorts during the third quarter valued at approximately $30,000. UMB Bank n.a. lifted its position in Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Wyndham Hotels & Resorts by 86.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 410 shares of the company’s stock worth $32,000 after buying an additional 190 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Wyndham Hotels & Resorts by 76.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 467 shares of the company’s stock worth $36,000 after buying an additional 203 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $108.94 on Friday. The company has a market capitalization of $8.47 billion, a P/E ratio of 30.01, a PEG ratio of 1.87 and a beta of 1.29. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $113.07. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $104.09 and a two-hundred day moving average price of $91.87.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WH. Jefferies Financial Group lifted their price objective on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird increased their price objective on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Stifel Nicolaus boosted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $113.80.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.