Principal Financial Group Inc. Sells 85,505 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Principal Financial Group Inc. reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 31.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,734 shares of the company’s stock after selling 85,505 shares during the period. Principal Financial Group Inc.’s holdings in Wyndham Hotels & Resorts were worth $14,279,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WH. GAMMA Investing LLC increased its holdings in Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after acquiring an additional 207 shares during the last quarter. Concord Wealth Partners boosted its position in Wyndham Hotels & Resorts by 115.5% during the third quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after purchasing an additional 291 shares during the period. Blue Trust Inc. increased its stake in shares of Wyndham Hotels & Resorts by 1,245.1% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Wyndham Hotels & Resorts in the second quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Wyndham Hotels & Resorts during the 2nd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WH. Robert W. Baird lifted their price objective on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays boosted their price objective on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Stifel Nicolaus upped their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $97.86.

Insider Activity

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now directly owns 26,062 shares of the company’s stock, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the sale, the director now directly owns 366,371 shares of the company’s stock, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,890 shares of company stock worth $9,273,255. 2.79% of the stock is currently owned by corporate insiders.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH opened at $96.79 on Friday. The stock has a market cap of $7.53 billion, a P/E ratio of 30.73, a PEG ratio of 2.45 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s 50-day moving average price is $84.04 and its two-hundred day moving average price is $77.18. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $98.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period last year, the firm posted $1.31 earnings per share. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.