Nuveen LLC Makes New Investment in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Nuveen LLC has acquired a new stake in Wyndham Hotels & Resorts, purchasing 777,290 shares valued at approximately $70.35 million, amounting to a 1.01% ownership of the company.
• Analysts have set a moderate buy consensus rating for Wyndham, with several firms raising their price targets to around $101.00, reflecting positive sentiment toward the company's performance.
• Wyndham Hotels & Resorts reported an earnings per share (EPS) of $1.33 for the last quarter, exceeding analysts' expectations and showcasing an increase in revenue by 8.2% year-over-year.

Nuveen LLC acquired a new position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 777,290 shares of the company's stock, valued at approximately $70,353,000. Nuveen LLC owned 1.01% of Wyndham Hotels & Resorts at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 1.3% during the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock valued at $857,000 after purchasing an additional 126 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock valued at $454,000 after purchasing an additional 135 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 36.1% during the first quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after purchasing an additional 166 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock valued at $508,000 after purchasing an additional 195 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Wyndham Hotels & Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock valued at $1,688,000 after purchasing an additional 200 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Barclays raised their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.98.

Insider Buying and Selling

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 16th. The shares were sold at an average price of $85.77, for a total transaction of $2,292,117.48. Following the transaction, the chief executive officer owned 467,394 shares in the company, valued at $40,088,383.38. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.46% of the company's stock.

Wyndham Hotels & Resorts Trading Up 4.0%

NYSE:WH opened at $91.13 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. Wyndham Hotels & Resorts has a 12 month low of $72.69 and a 12 month high of $113.07. The company has a market cap of $6.96 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a 50 day simple moving average of $84.64 and a two-hundred day simple moving average of $89.90.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $384.69 million. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm's revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.

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