Armstrong Shaw Associates Inc. CT lowered its stake in shares of Wyndham Worldwide Corp (NYSE:WYN) by 60.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,681 shares of the company’s stock after selling 44,694 shares during the quarter. Wyndham Worldwide Corp makes up about 2.7% of Armstrong Shaw Associates Inc. CT’s investment portfolio, making the stock its 23rd largest holding. Armstrong Shaw Associates Inc. CT’s holdings in Wyndham Worldwide Corp were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. grew its position in shares of Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after buying an additional 824 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Wyndham Worldwide Corp during the second quarter worth approximately $158,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Wyndham Worldwide Corp by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after buying an additional 338 shares in the last quarter. Smithfield Trust Co. acquired a new stake in shares of Wyndham Worldwide Corp during the second quarter worth approximately $170,000. Finally, Weatherly Asset Management L. P. acquired a new stake in shares of Wyndham Worldwide Corp during the second quarter worth approximately $200,000. 94.59% of the stock is owned by institutional investors and hedge funds.
In other news, Director George Herrera sold 323 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.39% of the company’s stock.
A number of analysts have recently weighed in on WYN shares. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research report on Thursday, October 12th. BidaskClub downgraded shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Telsey Advisory Group downgraded shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Wyndham Worldwide Corp presently has a consensus rating of “Hold” and an average price target of $108.29.
Shares of Wyndham Worldwide Corp (NYSE WYN) traded down 0.671% during trading on Monday, reaching $105.845. The company had a trading volume of 50,238 shares. The firm has a market capitalization of $10.88 billion, a PE ratio of 19.493 and a beta of 1.36. Wyndham Worldwide Corp has a 12 month low of $64.14 and a 12 month high of $110.74. The stock has a 50 day moving average price of $105.61 and a 200 day moving average price of $100.50.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. Wyndham Worldwide Corp’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. On average, equities research analysts forecast that Wyndham Worldwide Corp will post $6.08 EPS for the current year.
Wyndham Worldwide Corp announced that its board has initiated a share repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
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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