Wyndham Worldwide Corp Sees Unusually High Options Volume (NYSE:WYN)
Wyndham Worldwide Corp (NYSE:WYN) was the target of some unusual options trading activity on Thursday. Investors bought 11,962 call options on the company. This is an increase of 1,590% compared to the typical volume of 708 call options.
A number of large investors have recently modified their holdings of the company. James Investment Research Inc. raised its stake in shares of Wyndham Worldwide Corp by 154.0% in the first quarter. James Investment Research Inc. now owns 2,680 shares of the company’s stock valued at $226,000 after buying an additional 1,625 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Wyndham Worldwide Corp during the first quarter valued at approximately $4,652,000. Brant Point Investment Management LLC bought a new stake in shares of Wyndham Worldwide Corp during the first quarter valued at approximately $3,346,000. Winslow Asset Management Inc. raised its stake in shares of Wyndham Worldwide Corp by 107.4% in the first quarter. Winslow Asset Management Inc. now owns 85,019 shares of the company’s stock valued at $7,166,000 after buying an additional 44,025 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its stake in shares of Wyndham Worldwide Corp by 58.0% in the first quarter. State of Tennessee Treasury Department now owns 87,036 shares of the company’s stock valued at $7,336,000 after buying an additional 31,953 shares during the last quarter. 93.43% of the stock is owned by institutional investors.
Shares of Wyndham Worldwide Corp (NYSE WYN) opened at 103.34 on Tuesday. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $105.86. The stock has a market capitalization of $10.77 billion, a PE ratio of 19.02 and a beta of 1.34. The stock has a 50 day moving average of $102.49 and a 200-day moving average of $91.67.
Wyndham Worldwide Corp (NYSE:WYN) last posted its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.03. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. On average, equities research analysts expect that Wyndham Worldwide Corp will post $6.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.25%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s payout ratio is presently 43.04%.
A number of brokerages have commented on WYN. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $97.00 target price (up from $94.00) on shares of Wyndham Worldwide Corp in a report on Monday, April 17th. BidaskClub cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Saturday. Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. Finally, Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Wyndham Worldwide Corp currently has an average rating of “Hold” and an average price target of $99.22.
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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: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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