Home Hotel management Prospera Financial Services Inc makes new investment in Wyndham Hotels & Resorts, Inc. (NYSE: WH)

Prospera Financial Services Inc makes new investment in Wyndham Hotels & Resorts, Inc. (NYSE: WH)

0

Prospera Financial Services Inc bought a new position in shares of Wyndham Hotels & Resorts, Inc. (NYSE: WHGet a rating) during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund bought 302 shares of the company, valued at around $26,000.

A number of other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc. increased its stake in Wyndham Hotels & Resorts by 3.5% during the fourth quarter. CIBC Asset Management Inc. now owns 4,696 shares of the company worth $421,000 after purchasing an additional 157 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Wyndham Hotels & Resorts by 0.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 21,543 shares of the company worth $1,931,000 after buying an additional 180 shares last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Wyndham Hotels & Resorts by 2.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,474 shares of the company worth $670,000 after buying 199 additional shares in the last quarter. Glassman Wealth Services increased its stake in Wyndham Hotels & Resorts by 123.9% during the fourth quarter. Glassman Wealth Services now owns 365 shares of the company worth $33,000 after buying 202 more shares in the last quarter. Finally, Signaturefd LLC increased its equity stake in Wyndham Hotels & Resorts by 50.3% during the first quarter. Signaturefd LLC now owns 735 shares of the company valued at $62,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds hold 92.63% of the company’s shares.

Changes to analyst ratings

WH has been the subject of several analyst reports. StockNews.com upgraded Wyndham Hotels & Resorts from a “buy” rating to a “hold” rating in a Wednesday, June 29 report. Barclays launched coverage on Wyndham Hotels & Resorts in a Tuesday, June 28 report. They set an “equal weight” rating and a price target of $77.00 for the company. Robert W. Baird cut his price target on Wyndham Hotels & Resorts from $96.00 to $88.00 in a Friday, July 29 report. Finally, Stifel Nicolaus cut his price target on Wyndham Hotels & Resorts from $99.00 to $85.50 in a Wednesday, July 6 report. Two analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.75.

Insider Activity at Wyndham Hotels & Resorts

In related news, the Advocate General Paul F Cash sold 30,331 shares of Wyndham Hotels & Resorts in a trade dated Wednesday, June 1. The stock was sold at an average price of $79.94, for a total value of $2,424,660.14. Following the completion of the transaction, the General Counsel now directly owns 11,680 shares of the company, valued at $933,699.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 1.91% of the shares are currently held by insiders of the company.

Performance of Wyndham Hotels & Resorts shares

Wyndham Hotels & Resorts Shares opened at $71.08 on Friday. The stock has a 50-day simple moving average of $68.87 and a 200-day simple moving average of $78.52. The company has a quick ratio of 1.95, a current ratio of 1.95 and a leverage ratio of 1.89. Wyndham Hotels & Resorts, Inc. has a 12 month minimum of $62.89 and a 12 month maximum of $93.86. The stock has a market capitalization of $6.42 billion, a price/earnings ratio of 18.95, a P/E/G ratio of 1.84 and a beta of 1.48.

About Wyndham Hotels & Resorts

(Get a rating)

Wyndham Hotels & Resorts, Inc operates as a franchisor of hotels worldwide. It operates through the hotel franchise and hotel management segments. The Hotel Franchise 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 and limited-service hotels.

Featured Articles

Institutional ownership by quarter for Wyndham Hotels & Resorts (NYSE: WH)



Receive daily news and reviews for Wyndham Hotels & Resorts – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Wyndham Hotels & Resorts and related companies with MarketBeat.com’s free daily email newsletter.