HighPoint Advisor Group LLC Acquires Shares of 5,789 Wyndham Worldwide Corp (WYN)
HighPoint Advisor Group LLC acquired a new position in Wyndham Worldwide Corp (NYSE:WYN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,789 shares of the company’s stock, valued at approximately $420,000.
A number of other hedge funds also recently added to or reduced their stakes in the company. Icon Advisers Inc. Co. boosted its stake in Wyndham Worldwide Corp by 2.8% in the second quarter. Icon Advisers Inc. Co. now owns 163,110 shares of the company’s stock worth $11,618,000 after buying an additional 4,470 shares during the last quarter. Aperio Group LLC raised its position in shares of Wyndham Worldwide Corp by 6.8% in the third quarter. Aperio Group LLC now owns 51,014 shares of the company’s stock worth $3,435,000 after buying an additional 3,253 shares during the period. Victory Capital Management Inc. raised its position in shares of Wyndham Worldwide Corp by 9.5% in the third quarter. Victory Capital Management Inc. now owns 217,928 shares of the company’s stock worth $14,673,000 after buying an additional 18,953 shares during the period. Northern Capital Management LLC raised its position in shares of Wyndham Worldwide Corp by 16.6% in the third quarter. Northern Capital Management LLC now owns 47,050 shares of the company’s stock worth $3,168,000 after buying an additional 6,705 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Wyndham Worldwide Corp by 19.4% in the second quarter. Nordea Investment Management AB now owns 1,180,734 shares of the company’s stock worth $84,104,000 after buying an additional 191,885 shares during the period. 94.41% of the stock is currently owned by institutional investors.
Wyndham Worldwide Corp (NYSE:WYN) opened at 85.79 on Friday. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $86.72. The stock’s 50 day moving average is $78.84 and its 200-day moving average is $72.36. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 16.45 and a beta of 1.24.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, February 15th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The firm earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Wyndham Worldwide Corp had a return on equity of 71.67% and a net margin of 10.52%. Wyndham Worldwide Corp’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts expect that Wyndham Worldwide Corp will post $5.70 earnings per share for the current year.
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A number of equities analysts have recently issued reports on WYN shares. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th. Janney Montgomery Scott started coverage on shares of Wyndham Worldwide Corp in a research report on Monday, January 30th. They set a “neutral” rating and a $87.00 target price on the stock. Nomura restated a “neutral” rating and set a $69.00 target price (down from $75.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, October 27th. Finally, MKM Partners lowered their target price on shares of Wyndham Worldwide Corp from $93.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, December 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $80.75.
In other Wyndham Worldwide Corp news, VP Nicola Rossi sold 2,379 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $77.35, for a total value of $184,015.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.03% of the stock is owned by corporate insiders.
About Wyndham Worldwide Corp
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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