Wyndham Worldwide Co. (WYN) Shares Sold by Winslow Asset Management Inc.
Winslow Asset Management Inc. cut its stake in Wyndham Worldwide Co. (NYSE:WYN) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,267 shares of the company’s stock after selling 2,063 shares during the quarter. Wyndham Worldwide makes up approximately 1.7% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 25th largest position. Winslow Asset Management Inc.’s holdings in Wyndham Worldwide were worth $9,301,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $158,000. Jane Street Group LLC acquired a new position in shares of Wyndham Worldwide during the 3rd quarter worth about $209,000. Pacer Advisors Inc. boosted its stake in shares of Wyndham Worldwide by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after buying an additional 171 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of Wyndham Worldwide during the 3rd quarter worth about $253,000. Finally, Cetera Investment Advisers acquired a new position in shares of Wyndham Worldwide during the 2nd quarter worth about $300,000. 94.09% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on WYN. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus increased their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Macquarie began coverage on shares of Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating for the company. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Wolfe Research upgraded shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $110.14.
Shares of Wyndham Worldwide Co. (WYN) traded down $0.66 during trading hours on Thursday, reaching $112.71. 621,400 shares of the company traded hands, compared to its average volume of 993,129. Wyndham Worldwide Co. has a twelve month low of $75.80 and a twelve month high of $117.95. The firm has a market cap of $11,540.00, a P/E ratio of 20.24 and a beta of 1.36. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.89 EPS. Wyndham Worldwide’s revenue was up 3.6% on a year-over-year basis. equities research analysts anticipate that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide declared that its board has authorized a stock buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other Wyndham Worldwide news, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 311 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. Company insiders own 2.39% of the company’s stock.
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About Wyndham Worldwide
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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