On July 28, 2023, it was reported that Amalgamated Bank had reduced its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 5.0% during the first quarter of the year. The bank’s most recent Form 13F filing with the Securities and Exchange Commission revealed that it now owned 63,511 shares of the company’s stock, having sold 3,373 shares during the quarter. This amounted to approximately 0.07% of Wyndham Hotels & Resorts’ total worth at $4,309,000 by the end of the reporting period.
Referring to Wyndham Hotels & Resorts’ latest quarterly earnings report, released on July 26th, it is evident that the company exceeded expectations. With earnings per share (EPS) of $0.93 for the quarter, it surpassed consensus estimates by $0.01. Additionally, Wyndham Hotels & Resorts boasted a return on equity of 33.21% and a net margin of 20.76%. Despite experiencing a decline in revenue compared to the same quarter in previous years ($362 million as opposed to estimated revenue figures of $365.81 million), Wyndham Hotels & Resorts has managed to maintain profitability.
A number of research firms have recently provided their insight into WH’s performance and potential trajectory. Stifel Nicolaus reduced their target price from $87.00 to $81.00 in an April 27th report while Oppenheimer decreased theirs from $100.00 to $90.00 on the same day. StockNews.com initiated coverage on Wyndham Hotels & Resorts with a “hold” rating earlier this year and Morgan Stanley followed suit with a drop in target price from $92.00 to $80.00 on June 27th. Barclays also lowered their target price from $89.00 to $88 and maintained an “overweight” rating for the company on April 21st. Currently, the stock has received a “Moderate Buy” rating with an average consensus price target of $85.57 according to Bloomberg.com.
As we analyze the information provided, it becomes clear that despite Amalgamated Bank’s reduced holdings in Wyndham Hotels & Resorts, the company’s solid earnings report and positive outlook have caught the attention of research firms. This suggests that there is confidence in Wyndham Hotels & Resorts’ ability to rebound from its decline in quarterly revenue and continue to generate profitability moving forward. As always, potential investors should carefully consider the ratings and target prices provided by various research firms before making any decisions regarding their investment portfolios.
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Changes in Ownership and Market Outlook for Wyndham Hotels & Resorts
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”WH” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Wyndham Hotels & Resorts, a leading hotel and resort company, has seen changes in its ownership as institutional investors add to or reduce their stakes in the company. For instance, James Investment Research Inc. increased its holdings in Wyndham Hotels & Resorts by 11.8% during the first quarter, now owning 14,537 shares valued at $986,000. Maryland State Retirement & Pension System also purchased a new position in the company during the fourth quarter worth about $526,000. These moves indicate the confidence of institutional investors in the company.
Similarly, Raymond James Financial Services Advisors Inc. grew its holdings in Wyndham Hotels & Resorts by 2.7% during the first quarter, now owning 7,614 shares worth $517,000. North Star Investment Management Corp also acquired a stake in the company during the first quarter valued at about $47,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Wyndham Hotels & Resorts by an impressive 108.9% during the fourth quarter and now holds 13,404 shares valued at $956,000.
These figures demonstrate that hedge funds and other institutional investors own a significant portion of Wyndham Hotels & Resorts stock totaling 91.72%. This high level of ownership reflects the appeal and potential growth prospects of the company within the investment community.
On July 28th, shares of Wyndham Hotels & Resorts opened at $75.73 with a market capitalization of $6.50 billion. The stock’s price-to-earnings ratio stands at 22.61 with a P/E/G ratio of 2.59 and a beta of 1.36—highlighting its stability relative to market volatility and growth potential as measured against earnings.
Furthermore, research firms have recently weighed in on WH with varying assessments.The target price for Wyndham Hotels & Resorts was reduced from $87.00 to $81.00 by Stifel Nicolaus and from $100.00 to $90.00 by Oppenheimer. StockNews.com initiated coverage on the stock, giving it a “hold” rating, while Morgan Stanley decreased its target price to $80.00 from $92.00.
Despite these mixed opinions, Wyndham Hotels & Resorts maintains an average rating of “Moderate Buy” according to Bloomberg.com, with a consensus price target of $85.57.This indicates that experts and analysts generally believe in the company’s potential for future growth.
In terms of dividend payments, Wyndham Hotels & Resorts recently declared a quarterly dividend which was paid on June 28th to shareholders of record on June 14th. The dividend amounted to $0.35 per share, representing an annualized basis payout ratio of 41.79% and a dividend yield of 1.85%.
Recent insider trading activity has also been observed in Wyndham Hotels & Resorts as the Chief Accounting Officer (CAO), Nicola Rossi, sold 8,000 shares of the company’s stock on June 6th at an average price of $73.72 per share—a total transaction value of $589,760. Following the sale, Rossi now holds 5,741 shares in the company valued at approximately $423,226.
These recent developments indicate both positive and negative outlooks for Wyndham Hotels & Resorts as new positions are acquired while some analysts decrease their target prices for the stock. Nonetheless, with its strong market presence and overall favorable ratings from research firms, Wyndham Hotels & Resorts remains poised for continued success in the hospitality industry moving forward.
