Capital Research & Management Co has recently announced that it has increased stake in Wyndham Hotels & Resorts Inc. (NYSE:WH) by 17.17%. After grabbing 7.65 million shares, the institutional investor is now in possession of 1.12 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 8.66% having worth around $580.55 million. Moreover, William Blair Investment Manageme increased its share by 17999.0 to have a control over 3.48 million shares. And Boston Partners Global Investors, raised its holdings to 0.15 million shares by acquiring 3.17 million shares or 3.59% of the stake.
Wyndham Hotels & Resorts Inc. (WH) concluded trading on 11/23/22 at a closing price of $72.74, with 0.5 million shares of worth about $36.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.54% during that period and on Wednesday the price saw a loss of about -1.89%. Currently the company’s common shares owned by public are about 89.50M shares, out of which, 86.94M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the WH stock and their offered price forecasts bring an average price target of $87.19. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $100.00 and could fall to a lowest price of $80.00. The stock’s current price level is 16.57% above of average price target set by the analysts, while a rise to estimated low would result in gain of 9.08% for the stock. However, touching the estimated high of $100.00 would mean a gain of 27.26% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 102 times over the past 12 months. They bought 337,373 shares in 82 of the transactions. In 20 selling transactions, insiders dumped 108,735 shares.
American Funds Small Cap World Fu, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Wyndham Hotels & Resorts Inc. American Funds Small Cap World Fu is currently holding 3.23 million shares of worth totaling $245.0 million. The company recently came buying 1.0 million shares which brought its stake up to 3.65% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 1056.0 shares, after which its hold over company’s outstanding shares expand to 3.07%, leaving 2.71 million shares with the mutual fund that have a worth of about $206.11 million. Vanguard Total Stock Market Index, after buying 2.71 million shares, have now control over 3.06% of the stake in the company. It holds 7474.0 shares of worth $205.52 million.
Wyndham Hotels & Resorts Inc. (NYSE: WH) started trading at $74.04, below -$0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 74.45, or with a loss of -1.89%. Stock saw a price change of -1.72% in past 5 days and over the past one month there was a price change of 1.07%. Year-to-date (YTD), WH shares are showing a performance of -18.86% which decreased to -15.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.81 but also hit the highest price of $93.86 during that period. The average intraday trading volume for Wyndham Hotels & Resorts Inc. shares is 939.19K. The stock is currently trading -0.68% below its 20-day simple moving average (SMA20), while that difference is up 6.33% for SMA50 and it goes to -2.52% lower than SMA200.
Capital Research & Management Co acquired 7.65 million shares of Wyndham Hotels & Resorts Inc. having value of about $580.55 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.12 million shares in the company valued at close to $81499787.24, or have control over 17.17% stake in the company. Wyndham Hotels & Resorts Inc. (NYSE: WH) currently have 89.50M outstanding shares and institutions hold larger chunk of about 95.00% of that. Holding of mutual funds in the company is about 42.95% while other institutional holders and individual stake holders have control over 53.05% and 2.44% of the stake respectively.
The stock has a current market capitalization of $6.37B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 19.23, while it has posted earnings per share of $3.78 in the same period. Its PEG reads 2.11 and has Quick Ratio of 1.60 while making debt-to-equity ratio of 1.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WH, volatility over the week remained 1.88% while standing at 2.53% over the month.
Analysts are in expectations that Wyndham Hotels & Resorts Inc. (WH) stock would likely to be making an EPS of $0.63 in the current quarter, while forecast for next quarter EPS is $0.85 and it is $3.98 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.53 which is $0.68 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 283.90% while it is estimated to increase by 3.46% in next year. EPS is likely to grow at an annualized rate of 9.10% for next 5-years, compared to annual growth of 8.60% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Wyndham Hotels & Resorts Inc. (WH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 9 Wall Street analysts, 6 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on June 29, 2022 offering an Equal weight rating for the stock and assigned a target price of $77 to it. Coverage by Loop Capital stated Wyndham Hotels & Resorts Inc. (WH) stock as a Buy in their note to investors on December 02, 2021, suggesting a price target of $99 for the stock. On October 06, 2021, Loop Capital Initiated their recommendations, while on June 26, 2020, Gordon Haskett Initiated their ratings for the stock with a price target of $55. Stock get an Outperform rating from Robert W. Baird on August 22, 2019.