First Trust Advisors LP reduced its position in Wyndham Worldwide Co. (NYSE:WYN) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,213 shares of the company’s stock after selling 3,873 shares during the quarter. First Trust Advisors LP’s holdings in Wyndham Worldwide were worth $19,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Calton & Associates Inc. bought a new position in shares of Wyndham Worldwide in the fourth quarter worth approximately $103,000. Gradient Investments LLC bought a new position in shares of Wyndham Worldwide in the fourth quarter worth approximately $163,000. Jane Street Group LLC bought a new position in shares of Wyndham Worldwide in the third quarter worth approximately $209,000. Lourd Capital LLC bought a new position in shares of Wyndham Worldwide in the fourth quarter worth approximately $231,000. Finally, Rational Advisors LLC bought a new position in shares of Wyndham Worldwide in the third quarter worth approximately $253,000. Institutional investors and hedge funds own 93.08% of the company’s stock.
A number of research firms have weighed in on WYN. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target on shares of Wyndham Worldwide in a research report on Friday, January 19th. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group began coverage on shares of Wyndham Worldwide in a report on Friday, January 19th. They issued a “buy” rating and a $202.00 target price on the stock. Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Finally, SunTrust Banks boosted their target price on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $123.44.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.35 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. research analysts expect that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
In related news, VP Scott G. Mclester sold 15,381 shares of the company’s stock in a transaction on Monday, December 18th. The shares were 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 $1,025,455. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.39% of the stock is owned by corporate 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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