Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Wyndham Worldwide Co. (NYSE:WYN) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,015 shares of the company’s stock after selling 2,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Wyndham Worldwide were worth $3,710,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Wyndham Worldwide by 861.3% in the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock valued at $12,581,000 after purchasing an additional 112,260 shares during the last quarter. Glenview Capital Management LLC acquired a new position in shares of Wyndham Worldwide in the 2nd quarter valued at $47,993,000. Legal & General Group Plc lifted its stake in shares of Wyndham Worldwide by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock valued at $62,573,000 after purchasing an additional 9,892 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Wyndham Worldwide by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock valued at $30,115,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its stake in shares of Wyndham Worldwide by 19,823.1% in the 2nd quarter. Nomura Holdings Inc. now owns 515,011 shares of the company’s stock valued at $51,746,000 after purchasing an additional 512,426 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Wyndham Worldwide Co. (NYSE WYN) opened at $117.13 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. The stock has a market capitalization of $11,863.27, a price-to-earnings ratio of 20.99 and a beta of 1.36. Wyndham Worldwide Co. has a 1-year low of $76.10 and a 1-year high of $119.21.
Wyndham Worldwide announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $115.00, for a total value of $1,768,815.00. Following the sale, the vice president now owns 8,917 shares in the company, valued at approximately $1,025,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 311 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders.
Several equities analysts have recently commented on the company. Stifel Nicolaus upped their price target on Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Macquarie assumed coverage on Wyndham Worldwide in a research note on Friday, January 5th. They issued an “underperform” rating on the stock. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Wolfe Research raised Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.14.
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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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