Commonwealth Equity Services LLC bought a new stake in Wyndham Hotels & Resorts Inc (NYSE:WH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,314 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WH. Bessemer Group Inc. bought a new stake in Wyndham Hotels & Resorts in the second quarter valued at about $133,284,000. Bank of Montreal Can bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $24,029,000. Factory Mutual Insurance Co. bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $21,856,000. PGGM Investments bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $10,584,000. Finally, Reilly Financial Advisors LLC bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $8,144,000. 86.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Thomas Hunter Barber sold 879 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $60.07, for a total transaction of $52,801.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Geoffrey A. Ballotti bought 10,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Monday, August 6th. The shares were bought at an average price of $61.48 per share, for a total transaction of $614,800.00. The disclosure for this purchase can be found here.

WH has been the topic of several research analyst reports. UBS Group raised shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 4th. They set a “buy” rating and a $68.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 4th. They set a “buy” rating and a $82.00 price objective on the stock. SunTrust Banks initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday, June 14th. They set a “buy” rating and a $71.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Thursday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $72.67.

Shares of WH stock opened at $56.91 on Friday. Wyndham Hotels & Resorts Inc has a 1 year low of $54.41 and a 1 year high of $66.95. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.48.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, August 1st. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.05). The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $514.63 million. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. equities research analysts forecast that Wyndham Hotels & Resorts Inc will post 2.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%.

About Wyndham Hotels & Resorts

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.

Further Reading: Understanding Relative Strength Index

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

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