Entropy Technologies LP Takes $378,000 Position in Wyndham Hotels & Resorts (NYSE:WH)

Key Points

• Entropy Technologies LP has acquired 4,172 shares of Wyndham Hotels & Resorts, valued at approximately $378,000, indicating growing institutional interest in the company.
• The latest quarterly earnings report showed Wyndham Hotels & Resorts reported an EPS of $1.33, exceeding analysts' expectations of $1.16, alongside an 8.2% year-over-year increase in revenue.
• Analysts have shown confidence in Wyndham Hotels & Resorts, with several brokerages setting new price targets between $101.00 and $105.00, reflecting an average rating of "Moderate Buy".

Entropy Technologies LP acquired a new position in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,172 shares of the company's stock, valued at approximately $378,000.

A number of other hedge funds have also recently made changes to their positions in WH. Xponance Inc. increased its stake in shares of Wyndham Hotels & Resorts by 1.3% in the 1st quarter. Xponance Inc. now owns 9,467 shares of the company's stock worth $857,000 after acquiring an additional 126 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Wyndham Hotels & Resorts by 2.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock worth $454,000 after acquiring an additional 135 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock worth $57,000 after acquiring an additional 166 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Wyndham Hotels & Resorts by 4.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,042 shares of the company's stock worth $508,000 after acquiring an additional 195 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Wyndham Hotels & Resorts by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock worth $1,688,000 after acquiring an additional 200 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WH has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Truist Financial increased their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and issued a $105.00 price target on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus decreased their target price on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Wyndham Hotels & Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Trading Down 0.9%

Shares of WH traded down $0.84 during midday trading on Friday, reaching $87.93. The company had a trading volume of 868,537 shares, compared to its average volume of 1,166,361. The firm has a 50 day simple moving average of $84.87 and a 200-day simple moving average of $89.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a market cap of $6.71 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. Wyndham Hotels & Resorts has a 1-year low of $74.65 and a 1-year high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.64 annualized dividend and a yield of 1.9%. Wyndham Hotels & Resorts's payout ratio is 38.32%.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.