LS Investment Advisors LLC grew its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,593 shares of the company’s stock after buying an additional 806 shares during the period. LS Investment Advisors LLC’s holdings in Wyndham Worldwide were worth $648,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in 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. Hedge funds and other institutional investors own 93.72% of the company’s stock.
Several research firms recently weighed in on WYN. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price objective on shares of Wyndham Worldwide in a research report on Friday, January 19th. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group began coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They issued a “buy” rating and a $202.00 price objective on the stock. Goldman Sachs Group upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Finally, SunTrust Banks upped their target price on Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.44.
In other news, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of 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 accessible through the SEC website. Corporate insiders own 2.39% of the company’s stock.
Shares of Wyndham Worldwide Co. (NYSE WYN) opened at $122.62 on Friday. The stock has a market capitalization of $12,420.00, a P/E ratio of 15.35 and a beta of 1.37. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. Wyndham Worldwide Co. has a 52 week low of $81.16 and a 52 week high of $127.96.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. equities analysts expect that Wyndham Worldwide Co. will post 6.04 EPS for the current year.
Wyndham Worldwide announced that its board has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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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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