Wyndham Hotels & Resorts, Inc. (NYSE: WH) Shares sold by CIBC Asset Management Inc.
CIBC Asset Management Inc. reduced its stake in the shares of Wyndham Hotels & Resorts, Inc. (NYSE: WH – Get a rating) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission. The company held 4,491 shares of the company after selling 205 shares during the period. The holdings of CIBC Asset Management Inc. in Wyndham Hotels & Resorts were worth $380,000 when it was last filed with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WH. Signaturefd LLC increased its position in Wyndham Hotels & Resorts by 50.3% during the first quarter. Signaturefd LLC now owns 735 shares of the company worth $62,000 after purchasing an additional 246 shares in the last quarter. Aigen Investment Management LP increased its position in Wyndham Hotels & Resorts by 94.1% during the first quarter. Aigen Investment Management LP now owns 7,907 shares of the company worth $670,000 after buying 3,834 additional shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Wyndham Hotels & Resorts during the first quarter for a value of approximately $140,000. PFS Investments Inc. increased its position in Wyndham Hotels & Resorts by 28.3% during the fourth quarter. PFS Investments Inc. now owns 69,800 shares of the company worth $6,258,000 after purchasing an additional 15,402 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Wyndham Hotels & Resorts during the fourth quarter worth approximately $640,000. 92.63% of the shares are held by institutional investors and hedge funds.
Performance of Wyndham Hotels & Resorts shares
Shares of Wyndham Hotels & Resorts Shares opened at $68.45 on Wednesday. Wyndham Hotels & Resorts, Inc. has a one-year minimum of $62.89 and a one-year maximum of $93.86. The company has a market capitalization of $6.18 billion, a price/earnings ratio of 18.25, a PEG ratio of 1.81 and a beta of 1.48. The company has a debt ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The company’s 50-day moving average price is $69.51 and its 200-day moving average price is $78.75.
A Wall Street analyst gives his opinion
A number of stock analysts have published reports on the company. Barclays assumed coverage for Wyndham Hotels & Resorts in a Tuesday, June 28 research report. They set an “equal weight” rating and a price target of $77.00 on the stock. Robert W. Baird reduced his target price on Wyndham Hotels & Resorts from $96.00 to $88.00 in a Friday, July 29 research report. Stifel Nicolaus lowered his price target on Wyndham Hotels & Resorts from $99.00 to $85.50 in a Wednesday, July 6 research report. To finish, StockNews.com downgraded Wyndham Hotels & Resorts from a “buy” to a “hold” rating in a Wednesday, June 29 research report. Two analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.75.
Insider buying and selling
In other Wyndham Hotels & Resorts news, General Counsel Paul F Cash sold 30,331 shares of the company in a trade on Wednesday, June 1. The stock was sold at an average price of $79.94, for a total transaction of $2,424,660.14. Following the completion of the sale, the General Counsel now owns 11,680 shares of the company, valued at $933,699.20. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. 1.91% of the shares are currently held by insiders of the company.
Wyndham Hotels & Resorts Company Profile
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.
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