LMR Partners LLP acquired a new position in Wyndham Worldwide Corp. (NYSE:WYN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,432 shares of the company’s stock, valued at approximately $244,000.
A number of other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock worth $105,000 after buying an additional 4 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake in Wyndham Worldwide Corp. by 19.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,956 shares of the company’s stock worth $282,000 after buying an additional 637 shares during the last quarter. ING Groep NV acquired a new stake in Wyndham Worldwide Corp. during the second quarter worth about $284,000. NN Investment Partners Holdings N.V. acquired a new stake in Wyndham Worldwide Corp. during the first quarter worth about $346,000. Finally, Commonwealth Equity Services Inc raised its stake in Wyndham Worldwide Corp. by 28.9% in the first quarter. Commonwealth Equity Services Inc now owns 4,717 shares of the company’s stock worth $361,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.85% on Friday, reaching $67.77. 972,093 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $68.39 and its 200-day moving average price is $70.72. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.40 and a beta of 1.26. Wyndham Worldwide Corp. has a 52 week low of $60.59 and a 52 week high of $82.99.
Wyndham Worldwide Corp. (NYSE:WYN) last released its earnings results on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $1.32 earnings per share. Wyndham Worldwide Corp.’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts predict that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
A number of equities research analysts have recently issued reports on WYN shares. MKM Partners reaffirmed a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. Deutsche Bank AG dropped their target price on shares of Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, July 28th. Zacks Investment Research raised shares of Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Goldman Sachs Group Inc. started coverage on shares of Wyndham Worldwide Corp. in a report on Monday, September 26th. They set a “neutral” rating and a $72.00 target price for the company. Finally, Telsey Advisory Group dropped their target price on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.11.
In other news, Director George Herrera sold 463 shares of Wyndham Worldwide Corp. stock in a transaction on Friday, August 19th. The stock was sold at an average price of $71.71, for a total transaction of $33,201.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.03% of the company’s stock.
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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