Schonfeld Strategic Advisors LLC Trims Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Schonfeld Strategic Advisors LLC cut its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WHFree Report) by 21.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 611,035 shares of the company’s stock after selling 162,157 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Wyndham Hotels & Resorts were worth $42,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WH. Rockefeller Capital Management L.P. increased its stake in shares of Wyndham Hotels & Resorts by 139.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 438 shares of the company’s stock worth $31,000 after purchasing an additional 255 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in Wyndham Hotels & Resorts in the 4th quarter worth $33,000. Systematic Alpha Investments LLC purchased a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth $37,000. Point72 Hong Kong Ltd purchased a new stake in Wyndham Hotels & Resorts in the 2nd quarter worth $46,000. Finally, Covestor Ltd increased its stake in Wyndham Hotels & Resorts by 68.3% in the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock worth $57,000 after buying an additional 330 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded down $0.69 on Thursday, hitting $76.75. 113,910 shares of the company were exchanged, compared to its average volume of 521,955. The firm has a market capitalization of $6.22 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 3.37 and a beta of 1.37. The stock’s 50 day moving average price is $79.55 and its 200 day moving average price is $76.25. Wyndham Hotels & Resorts, Inc. has a 1-year low of $63.69 and a 1-year high of $81.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.90.

Wyndham Hotels & Resorts (NYSE:WHGet Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $321.35 million. Wyndham Hotels & Resorts had a net margin of 20.74% and a return on equity of 39.91%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.24 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Wyndham Hotels & Resorts in a report on Friday, February 23rd. They set a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.00.

View Our Latest Report on WH

Wyndham Hotels & Resorts Company Profile

(Free Report)

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor worldwide. 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. The Hotel Management segment provides hotel management services for full-service hotels.

Further Reading

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

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