Kalos Management Inc. bought a new stake in shares of Wyndham Worldwide Corp. (NYSE:WYN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,134 shares of the company’s stock, valued at approximately $1,719,000. Wyndham Worldwide Corp. comprises about 1.3% of Kalos Management Inc.’s investment portfolio, making the stock its 18th largest position.
A number of other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its stake in shares of Wyndham Worldwide Corp. by 28.9% in the first quarter. Commonwealth Equity Services Inc now owns 4,717 shares of the company’s stock valued at $361,000 after buying an additional 1,058 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Wyndham Worldwide Corp. by 18.1% in the first quarter. Teachers Advisors Inc. now owns 220,350 shares of the company’s stock valued at $16,841,000 after buying an additional 33,809 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Wyndham Worldwide Corp. during the first quarter valued at about $346,000. M&T Bank Corp raised its stake in shares of Wyndham Worldwide Corp. by 9.4% in the first quarter. M&T Bank Corp now owns 13,694 shares of the company’s stock valued at $1,048,000 after buying an additional 1,179 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of Wyndham Worldwide Corp. by 237.3% in the first quarter. Credit Agricole S A now owns 207,906 shares of the company’s stock valued at $15,890,000 after buying an additional 146,259 shares in the last quarter. 97.75% of the stock is currently owned by institutional investors.
Shares of Wyndham Worldwide Corp. (NYSE:WYN) traded up 0.92% on Wednesday, hitting $68.85. The stock had a trading volume of 300,184 shares. Wyndham Worldwide Corp. has a 52 week low of $60.59 and a 52 week high of $82.99. The stock’s 50-day moving average price is $68.10 and its 200 day moving average price is $70.49. The company has a market cap of $7.56 billion, a PE ratio of 13.61 and a beta of 1.26.
Wyndham Worldwide Corp. (NYSE:WYN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.40 earnings per share (EPS) for the quarter, topping 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 company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company earned $1.32 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts predict that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
Several equities research analysts have recently issued reports on WYN shares. MKM Partners reiterated a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. Deutsche Bank AG reduced their price target on 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 upgraded 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 Wyndham Worldwide Corp. in a report on Monday, September 26th. They set a “neutral” rating and a $72.00 price target for the company. Finally, Telsey Advisory Group reduced their price target on 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 research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $80.11.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 463 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.03% of the stock is owned by company 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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