Tyers Asset Management LLC bought a new position in Wyndham Hotels & Resorts Inc (NYSE:WH) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 54,544 shares of the company’s stock, valued at approximately $3,209,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pensionfund Sabic bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $1,035,000. Pensionfund DSM Netherlands bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $1,435,000. Norman Fields Gottscho Capital Management LLC bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $226,000. New England Research & Management Inc. bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $303,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in Wyndham Hotels & Resorts during the second quarter worth about $1,723,000. Hedge funds and other institutional investors own 86.89% of the company’s stock.

Several research analysts have weighed in on WH shares. Goldman Sachs Group upgraded Wyndham Hotels & Resorts from a “buy” rating to a “conviction-buy” rating in a report on Monday, June 25th. SunTrust Banks started coverage on Wyndham Hotels & Resorts in a report on Thursday, June 14th. They set a “buy” rating and a $71.00 target price on the stock. Wolfe Research lowered Wyndham Hotels & Resorts from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 10th. Stifel Nicolaus started coverage on Wyndham Hotels & Resorts in a report on Monday, June 4th. They set a “buy” rating and a $68.00 target price on the stock. Finally, UBS Group upgraded Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $72.67.

In other news, insider Geoffrey A. Ballotti purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were bought at an average cost of $61.48 per share, for a total transaction of $614,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Hunter Barber sold 879 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $60.07, for a total value of $52,801.53. The disclosure for this sale can be found here.

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

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.25 dividend. 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.

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

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