California State Teachers Retirement System lessened its holdings in shares of Wyndham Worldwide Co. (NYSE:WYN) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,348 shares of the company’s stock after selling 13,612 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Wyndham Worldwide worth $18,273,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of WYN. San Francisco Sentry Investment Group CA acquired a new stake in Wyndham Worldwide during the 2nd quarter worth about $158,000. Bronfman E.L. Rothschild L.P. grew its position in Wyndham Worldwide by 26.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock worth $163,000 after purchasing an additional 338 shares during the period. Pacer Advisors Inc. grew its position in Wyndham Worldwide by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 2,158 shares of the company’s stock worth $217,000 after purchasing an additional 171 shares during the period. BB&T Securities LLC grew its position in Wyndham Worldwide by 2.3% during the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after purchasing an additional 56 shares during the period. Finally, Rational Advisors LLC acquired a new stake in Wyndham Worldwide during the 3rd quarter worth about $253,000. Hedge funds and other institutional investors own 94.09% of the company’s stock.
WYN has been the topic of a number of analyst reports. Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Zacks Investment Research cut Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Stifel Nicolaus raised their target price on Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Macquarie began coverage on Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Wyndham Worldwide currently has an average rating of “Hold” and an average target price of $110.14.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. sell-side analysts forecast that Wyndham Worldwide Co. will post 6.04 EPS for the current year.
Wyndham Worldwide declared that its board has approved a stock buyback program on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares in the company, valued at approximately $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders.
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Wyndham Worldwide Company Profile
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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