Clark Street Value sold its position in Wyndham Hotels & Resorts Inc. (NYSE:WH) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Wyndham Hotels & Resorts Inc. (NYSE:WH) is a hotel company. In the last one year, Wyndham Hotels & Resorts Inc. (NYSE:WH) stock lost 2.2% and on January 5th it had a closing price of $59.15.
Clark Street Value said Wyndham Hotels & Resorts Inc. (NYSE:WH) is a midscale hotel which has emerged stronger than the upscale business or destination focused hotels. Wyndham is trading at a fairly full 12x 2019 EBITDA. Clark Street Value added, “I like the business, but feels like its been bid up as a reopening play alongside MAR/HLT when it shouldn’t necessarily as its business model is significantly different enough.”
In Q3 2020, the number of bullish hedge fund positions on Wyndham Hotels & Resorts Inc. (NYSE:WH) stock decreased by about 8% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in WH’s growth potential. Our calculations showed that Wyndham Hotels & Resorts Inc. (NYSE:WH) isn’t ranked among the 30 most popular stocks among hedge funds.
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Video: Top 5 Stocks Among Hedge Funds
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