Ameriprise Financial Inc. reduced its position in Wyndham Worldwide Corp. (NYSE:WYN) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,633 shares of the company’s stock after selling 1,562 shares during the period. Ameriprise Financial Inc. owned about 0.06% of Wyndham Worldwide Corp. worth $4,818,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of WYN. IFP Advisors Inc raised its stake in shares of 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. Ifrah Financial Services Inc. raised its stake in shares of Wyndham Worldwide Corp. by 1.9% in the second quarter. Ifrah Financial Services Inc. now owns 2,824 shares of the company’s stock worth $201,000 after buying an additional 54 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $244,000. Assetmark Inc. purchased a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $264,000. Finally, Intrust Bank NA purchased a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth about $279,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.85% during midday trading on Friday, reaching $67.77. The company’s stock had a trading volume of 972,093 shares. Wyndham Worldwide Corp. has a 1-year low of $60.59 and a 1-year high of $82.99. The company has a 50 day moving average price of $68.29 and a 200 day moving average price of $70.67. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 13.40 and a beta of 1.26.
Wyndham Worldwide Corp. (NYSE:WYN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.32 EPS. Wyndham Worldwide Corp.’s quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts expect that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
A number of analysts have recently issued reports on WYN shares. MKM Partners reaffirmed a “buy” rating on shares of Wyndham Worldwide Corp. in a research note on Thursday, July 28th. Deutsche Bank AG lowered their price objective on Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research raised Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. initiated coverage on Wyndham Worldwide Corp. in a research note on Monday, September 26th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Telsey Advisory Group lowered their price objective on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.11.
In related news, Director George Herrera sold 463 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.03% of the stock is owned by corporate insiders.
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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