Wyndham Hotels & Resorts (WH)

• Market cap: $7.8B
• 1 day: 0.58%
• 5 days: -2.34%
• 1 month: 5.90%
• 3 months: 26.31%
• 6 months: 37.23%
• Year to date: 24.94%
• 1 year: 26.85%
• 5 years: 62.02%
• 10 years: 54.29%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: As of Dec. 31, 2023, Wyndham Hotels & Resorts operates 872,000 rooms across more than 20 brands predominantly in the economy and midscale segments. Super 8 is the largest brand, representing around 19% of all rooms, with Days Inn (13%) and Ramada (14%) the next two largest brands. During the past several years, the company has expanded its extended stay/lifestyle brands, which appeal to travelers seeking to experience the local culture of a given location. The company closed its La Quinta acquisition in the second quarter of 2018, adding around 90,000 rooms at the time the deal closed. Wyndham launched a new extended stay economy scale segment concept, ECHO, in the spring of 2022. The United States represents 57% of total rooms.

Employees: 2,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 50

2% more capital invested

Capital invested by funds: $5.71B [Q2] → $5.83B (+$117M) [Q3]

1% more funds holding

Funds holding: 397 [Q2] → 400 (+3) [Q3]

1.29% less ownership

Funds ownership: 95.74% [Q2] → 94.46% (-1.29%) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 154

36% less call options, than puts

Call options by funds: $5.5M | Put options by funds: $8.6M

57% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 3 (-4) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $97 3% downside
• Avg. target: $109 8% upside
• High target: $115 15% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Barclays Brandt Montour 51% 1-year accuracy 43 / 84 met price target	15% upside $115	Overweight Maintained	13 Dec 2024
JP Morgan	13% upside $113	Overweight Maintained	13 Dec 2024
Goldman Sachs Lizzie Dove 54% 1-year accuracy 14 / 26 met price target	15% upside $115	Buy Maintained	10 Dec 2024
Wells Fargo Daniel Politzer 60% 1-year accuracy 32 / 53 met price target	3% upside $103	Equal-Weight Initiated	5 Dec 2024
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target	7% upside $107	Buy Maintained	26 Nov 2024