TimesSquare Capital Management LLC Raises Holdings in Wyndham Hotels & Resorts $WH

TimesSquare Capital Management LLC increased its position in Wyndham Hotels & Resorts (NYSE:WH) by 2.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 885,314 shares of the company’s stock after purchasing an additional 21,021 shares during the period. TimesSquare Capital Management LLC’s holdings in Wyndham Hotels & Resorts were worth $70,737,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in WH. Aberdeen Group plc increased 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 purchasing an additional 1,900 shares in the last quarter. Assetmark Inc. grew its position in shares of 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 purchasing an additional 19,204 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Wyndham Hotels & Resorts during the 3rd quarter valued at $297,000. Smartleaf Asset Management LLC increased its position in shares of Wyndham Hotels & Resorts by 181.3% during the third quarter. Smartleaf Asset Management LLC now owns 495 shares of the company’s stock valued at $40,000 after buying an additional 319 shares during the period. Finally, Alps Advisors Inc. boosted its position in shares of Wyndham Hotels & Resorts by 125.6% during the 3rd quarter. Alps Advisors Inc. now owns 155,870 shares of the company’s stock valued at $12,454,000 after acquiring an additional 86,790 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on WH. Truist Financial upped their target price on Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Stifel Nicolaus cut their target price on shares of Wyndham Hotels & Resorts from $95.50 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. cut 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 report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Wyndham Hotels & Resorts in a research note on Monday, December 29th. Finally, Mizuho set a $97.00 price objective on shares of Wyndham Hotels & Resorts and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

Insider Activity at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CEO Geoffrey A. Ballotti sold 55,124 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $79.27, for a total value of $4,369,679.48. Following the completion of the transaction, the chief executive officer owned 490,028 shares of the company’s stock, valued at approximately $38,844,519.56. The trade was a 10.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott R. Strickland sold 28,134 shares of the company’s 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 transaction, the insider owned 40,363 shares in the company, valued at $2,870,212.93. This represents a 41.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 84,227 shares of company stock valued at $6,440,298 in the last three months. 2.46% of the stock is owned by insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $77.69 on Friday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.16 and a beta of 0.76. The firm’s 50-day moving average is $77.05 and its 200 day moving average is $79.02. Wyndham Hotels & Resorts has a 1 year low of $69.21 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 4.43, a current ratio of 1.16 and a quick ratio of 1.16.

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.