Alerus Financial NA Increases Position in Wyndham Hotels & Resorts Inc (WH)

Alerus Financial NA increased its holdings in shares of Wyndham Hotels & Resorts Inc (NYSE:WH) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,376 shares of the company’s stock after purchasing an additional 7,825 shares during the period. Alerus Financial NA’s holdings in Wyndham Hotels & Resorts were worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $527,234,000. FMR LLC boosted its position in Wyndham Hotels & Resorts by 4.7% during the 3rd quarter. FMR LLC now owns 8,262,073 shares of the company’s stock worth $459,123,000 after purchasing an additional 373,190 shares during the period. Boston Partners purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $304,426,000. Iridian Asset Management LLC CT boosted its position in Wyndham Hotels & Resorts by 3.1% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,736,082 shares of the company’s stock worth $263,184,000 after purchasing an additional 143,233 shares during the period. Finally, LSV Asset Management purchased a new stake in Wyndham Hotels & Resorts during the 2nd quarter worth $147,755,000. 84.95% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. UBS Group raised shares of Wyndham Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Oppenheimer set a $69.00 price objective on shares of Wyndham Hotels & Resorts and gave the company a “buy” rating in a research report on Tuesday, October 30th. Longbow Research assumed coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, September 7th. They issued a “buy” rating and a $77.00 price objective for the company. Finally, Wolfe Research raised shares of Wyndham Hotels & Resorts from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 10th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wyndham Hotels & Resorts presently has a consensus rating of “Buy” and a consensus target price of $73.29.

NYSE:WH opened at $47.38 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.21 and a quick ratio of 1.21. Wyndham Hotels & Resorts Inc has a 1-year low of $43.54 and a 1-year high of $66.95.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $561.42 million. Wyndham Hotels & Resorts’s quarterly revenue was up 74.1% on a year-over-year basis. Research analysts anticipate that Wyndham Hotels & Resorts Inc will post 2.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%.

In other news, insider Stephen P. Holmes sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $46.85, for a total value of $937,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen P. Holmes sold 50,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $47.25, for a total transaction of $2,362,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,000 shares of company stock valued at $4,692,700.

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Wyndham Hotels & Resorts Company Profile

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: NASDAQ Stock Market Explained

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

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