Impax Asset Management Group plc Buys 35,000 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Impax Asset Management Group plc increased its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 35.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,000 shares of the company’s stock after acquiring an additional 35,000 shares during the quarter. Impax Asset Management Group plc owned about 0.17% of Wyndham Hotels & Resorts worth $10,549,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. MQS Management LLC purchased a new position in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $306,000. WCM Investment Management LLC grew its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. WCM Investment Management LLC now owns 322,363 shares of the company’s stock worth $26,044,000 after buying an additional 6,146 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Wyndham Hotels & Resorts by 2.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,674 shares of the company’s stock worth $443,000 after buying an additional 147 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Wyndham Hotels & Resorts by 284,590.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 284,690 shares of the company’s stock worth $22,246,000 after buying an additional 284,590 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $231,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 32.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,056 shares in the company, valued at $904,939.44. This represents a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,890 shares of company stock worth $9,273,255. 2.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WH shares. Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Robert W. Baird upped their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer upped their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $97.86.

Wyndham Hotels & Resorts Trading Up 0.1 %

NYSE:WH opened at $96.80 on Friday. The company has a fifty day moving average of $84.04 and a 200 day moving average of $77.15. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $98.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The firm has a market capitalization of $7.53 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.45 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same period in the prior year, the business earned $1.31 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.