TimesSquare Capital Management LLC Purchases 21,021 Shares of Wyndham Hotels & Resorts $WH

TimesSquare Capital Management LLC boosted its holdings in shares of Wyndham Hotels & Resorts (NYSE:WH) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,314 shares of the company’s stock after purchasing an additional 21,021 shares during the period. TimesSquare Capital Management LLC owned 1.17% of Wyndham Hotels & Resorts worth $70,737,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Aberdeen Group plc raised its stake in shares of Wyndham Hotels & Resorts by 1.1% in the third quarter. Aberdeen Group plc now owns 169,400 shares of the company’s stock worth $13,708,000 after acquiring an additional 1,900 shares during the last quarter. Assetmark Inc. lifted its holdings in Wyndham Hotels & Resorts by 23.0% in the third quarter. Assetmark Inc. now owns 102,712 shares of the company’s stock valued at $8,207,000 after buying an additional 19,204 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Wyndham Hotels & Resorts in the third quarter valued at approximately $297,000. Smartleaf Asset Management LLC raised its position in shares of Wyndham Hotels & Resorts by 181.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after acquiring an additional 319 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of Wyndham Hotels & Resorts by 125.6% in the 3rd quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock valued at $12,454,000 after buying an additional 86,790 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WH. Robert W. Baird lowered their target price on Wyndham Hotels & Resorts from $93.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their price target on shares of Wyndham Hotels & Resorts from $95.00 to $91.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Morgan Stanley lowered their target price on shares of Wyndham Hotels & Resorts from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Zacks Research upgraded Wyndham Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Mizuho set a $97.00 target price on shares of Wyndham Hotels & Resorts and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $77.69 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50 day simple moving average is $77.05 and its 200 day simple moving average is $79.02. Wyndham Hotels & Resorts has a one year low of $69.21 and a one year high of $113.07. The stock has a market capitalization of $5.87 billion, a PE ratio of 17.86, a PEG ratio of 2.16 and a beta of 0.76.

Insiders Place Their Bets

In related news, CEO Geoffrey A. Ballotti sold 55,124 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $79.27, for a total transaction of $4,369,679.48. Following the completion of the sale, the chief executive officer owned 490,028 shares in the company, valued at approximately $38,844,519.56. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott R. Strickland sold 28,134 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $71.11, for a total transaction of $2,000,608.74. Following the completion of the sale, the insider owned 40,363 shares of the company’s stock, valued at approximately $2,870,212.93. This represents a 41.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 84,227 shares of company stock worth $6,440,298 in the last quarter. 2.46% of the stock is owned by corporate insiders.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc (NYSE: WH) is a leading global hospitality company specializing in hotel franchising and management. Established in 2018 through the spin-off of Wyndham Hotel Group from Wyndham Worldwide, the company focuses on the development, marketing and distribution of hotel brands designed to meet the needs of business and leisure travelers. Its core business model centers on franchising agreements, enabling third-party hotel owners to operate under the Wyndham portfolio while accessing the company’s centralized services and support.

The company’s brand portfolio spans economy, midscale and upper-midscale segments, featuring well-known names such as Wyndham, Ramada, Days Inn, Super 8, Microtel Inn & Suites, and La Quinta by Wyndham.