Principal Financial Group Inc. Has $14.28 Million Stock Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Principal Financial Group Inc. lowered its position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 31.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,734 shares of the company’s stock after selling 85,505 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Wyndham Hotels & Resorts worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WH. GAMMA Investing LLC grew its position in shares of Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock valued at $34,000 after buying an additional 207 shares during the last quarter. Concord Wealth Partners increased its position in Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares during the period. Blue Trust Inc. raised its holdings in Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $53,000 after purchasing an additional 635 shares during the last quarter. Family Firm Inc. bought a new position in Wyndham Hotels & Resorts during the 2nd quarter worth approximately $67,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Wyndham Hotels & Resorts in the 2nd quarter worth approximately $70,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This represents a 32.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total value of $251,199.00. Following the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,890 shares of company stock valued at $9,273,255 over the last ninety days. 2.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Oppenheimer increased their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial boosted their price objective on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Robert W. Baird increased their price target on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $97.86.

Wyndham Hotels & Resorts Stock Performance

NYSE WH opened at $96.79 on Friday. The company 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 fifty day simple moving average of $84.04 and a 200 day simple moving average of $77.18. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $98.73.

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

Wyndham Hotels & Resorts Profile

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.