Fosun International Ltd, a Shanghai-based financial services and tourism company, recently reduced its stake in Wyndham Hotels & Resorts. According to the company’s most recent filing with the Securities and Exchange Commission, Fosun International Ltd decreased its holdings by 11.3% in the fourth quarter of last year. The firm sold approximately 2,200 shares of the hotel operator’s stock, leaving it with 17,260 shares worth $1,231,000 during the period.
Wyndham Hotels & Resorts (NYSE: WH) is an American multinational hospitality group that operates a variety of hotels around the world. Last month, Wyndham announced its results for the first quarter of 2021. The company posted earnings per share (EPS) of $0.86 for the quarter. The figure beat analysts’ estimates of $0.81 EPS by $0.05. Despite higher EPS expectations, Wyndham saw a decline in revenue with $313 million generated during Q1-2021 versus analysts’ expectations of $322 million.
While two analysts rated Wyndham’s stock a hold this year, five analysts called it a “buy.” Truist Financial in particular expressed confidence in WH stock when it raised its price target from $95 to $96 per share back in February.
However, some experts remain cautious about investing in WH stocks. Stifel Nicolaus cut their price target on Wyndham to $81 from $87 while Oppenheimer cut their price target to $90 from $100 per share.
Despite volatility in market sentiment for Wyndham Hotels & Resorts Inc., economists forecast that WH will post an EPS of 4.02 this year. With various reports showing conflicting information about whether investors should invest in WH stock; one thing is clear; data analytics is here to provide investors and businesses with valuable information to help make informed decisions.
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Institutional Investors Shift Positions in Wyndham Hotels & Resorts as Quarterly Dividends Loom
Company Profile Wyndham Hotels & Resorts, Inc. He has recently seen the rise and fall of various investment positions in the company. According to reports, EWG Elevate Inc., Point72 Hong Kong Ltd, Quent Capital LLC, Signaturefd LLC, and Belpointe Asset Management LLC have all acquired new positions in Wyndham Hotels & Resorts or changed their holdings in the company. As of now, it is estimated that 91.13% of shares in Wyndham Hotels & Resorts are owned by hedge funds and other institutional investors.
Despite that, shares of Wyndham Hotels & Resorts traded down $0.99 on Friday. The volume of trading was 377,714 shares compared to its volume of 885,701 shares. The company’s 50-day moving average is $67.28 and its 200-day moving average is $71.63. It has a market cap of $5.68 billion with a PE ratio of 18.82 and a PEG ratio of 1.86 and a beta of 1.38.
There have been several analyst reports about Wyndham Hotels & Resorts, including a price cut by Stifel Nicolaus from $87 to $81 and Robert W Baird at $88 to $86. Oppenheimer also cut their target from $100 to $90 while Barclays lowered theirs from $89 to $88 but still rated them “overweight”.
Although this mix has been given by analysts in recent weeks, Wyndham Hotels & Resorts’ stability looks good following the announcement of the third quarter that started on June 28th and the last time to pay those who pay expected on June 14th; which will provide the current dividend payout ratio (DPR) including the annual calculation.
We should also note that Chief Marketing Officer Lisa Checchio says she recently sold 6,000 shares of Wyndham Hotels & Resorts stock worth $461,400.00. At the time of writing, 2.29% of the stock is owned by insiders.
Overall, while there may be some downside in terms of stocks in the short term, there will continue to be good long-term investment considerations within well-known and diversified companies such as Wyndham Hotels & Resorts; especially with fewer people traveling than usual in this time of COVID has happened and the economy is looking good in the years to come.