Advisory Services Network LLC decreased its position in Wyndham Worldwide Co. (NYSE:WYN) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,321 shares of the company’s stock after selling 1,199 shares during the quarter. Advisory Services Network LLC’s holdings in Wyndham Worldwide were worth $732,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in shares of Wyndham Worldwide by 861.3% in the second quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock worth $12,581,000 after buying an additional 112,260 shares during the period. Legal & General Group Plc raised its stake in shares of Wyndham Worldwide by 1.7% in the third quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock worth $62,573,000 after buying an additional 9,892 shares during the period. Lourd Capital LLC bought a new position in shares of Wyndham Worldwide in the fourth quarter worth about $231,000. Stifel Financial Corp raised its stake in shares of Wyndham Worldwide by 0.4% in the third quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock worth $30,115,000 after buying an additional 1,007 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Wyndham Worldwide by 1.1% in the third quarter. Asset Management One Co. Ltd. now owns 167,558 shares of the company’s stock worth $17,661,000 after buying an additional 1,866 shares during the period. 93.72% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on WYN shares. Goldman Sachs Group raised Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wolfe Research raised Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Wyndham Worldwide in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Wyndham Worldwide currently has a consensus rating of “Buy” and a consensus price target of $123.44.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a return on equity of 101.69% and a net margin of 15.35%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. equities analysts forecast that Wyndham Worldwide Co. will post 7.03 earnings per share for the current fiscal year.
Wyndham Worldwide declared that its board has authorized a stock repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.39% of the stock is currently owned by company insiders.
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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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