State of New Jersey Common Pension Fund D Purchases 63,000 Shares of Wyndham Hotels & Resorts Inc (NYSE:WH)

State of New Jersey Common Pension Fund D lifted its position in Wyndham Hotels & Resorts Inc (NYSE:WH) by 121.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,750 shares of the company’s stock after purchasing an additional 63,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.12% of Wyndham Hotels & Resorts worth $6,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WH. Boston Partners grew its holdings in Wyndham Hotels & Resorts by 2.9% during the 1st quarter. Boston Partners now owns 5,715,052 shares of the company’s stock worth $285,695,000 after acquiring an additional 163,327 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,560,951 shares of the company’s stock valued at $142,746,000 after purchasing an additional 11,481 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Wyndham Hotels & Resorts by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,296,377 shares of the company’s stock valued at $114,794,000 after purchasing an additional 68,061 shares during the last quarter. Jackson Square Partners LLC boosted its stake in shares of Wyndham Hotels & Resorts by 7.2% in the 1st quarter. Jackson Square Partners LLC now owns 2,066,437 shares of the company’s stock valued at $103,301,000 after purchasing an additional 139,472 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Wyndham Hotels & Resorts in the 4th quarter valued at about $59,189,000. 91.40% of the stock is currently owned by institutional investors and hedge funds.

WH has been the topic of several recent research reports. Zacks Investment Research lowered shares of Wyndham Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 3rd. Barclays initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $72.00 target price on the stock. Finally, Bank of America initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, June 12th. They issued a “buy” rating and a $62.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $67.71.

Shares of NYSE:WH traded down $0.48 during mid-day trading on Thursday, reaching $56.07. The stock had a trading volume of 1,088,140 shares, compared to its average volume of 922,933. The company has a market cap of $5.51 billion and a price-to-earnings ratio of 20.69. The stock has a 50 day moving average of $58.02. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.24 and a current ratio of 1.24. Wyndham Hotels & Resorts Inc has a twelve month low of $43.03 and a twelve month high of $62.38.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $533.00 million for the quarter, compared to the consensus estimate of $532.61 million. Wyndham Hotels & Resorts had a net margin of 6.94% and a return on equity of 19.91%. Wyndham Hotels & Resorts’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. On average, equities research analysts expect that Wyndham Hotels & Resorts Inc will post 3.21 EPS for the current fiscal year.

In related news, EVP Michele Allen sold 4,475 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $56.12, for a total value of $251,137.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen P. Holmes sold 75,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $56.16, for a total transaction of $4,212,000.00. The disclosure for this sale can be found here. Insiders sold a total of 90,975 shares of company stock worth $5,103,527 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

About Wyndham Hotels & Resorts

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.

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

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