Bamco Inc. NY Lowers Position in Wyndham Worldwide Co. (WYN)
Bamco Inc. NY lowered its stake in Wyndham Worldwide Co. (NYSE:WYN) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,709 shares of the company’s stock after selling 24,931 shares during the period. Bamco Inc. NY owned 0.27% of Wyndham Worldwide worth $28,535,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of WYN. IFP Advisors Inc increased its holdings in shares of Wyndham Worldwide by 56.8% in the second quarter. IFP Advisors Inc now owns 3,916 shares of the company’s stock valued at $393,000 after purchasing an additional 1,418 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Wyndham Worldwide by 97.2% in the second quarter. First Trust Advisors LP now owns 178,646 shares of the company’s stock valued at $17,938,000 after purchasing an additional 88,037 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Wyndham Worldwide by 191.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 23,027 shares of the company’s stock valued at $2,361,000 after purchasing an additional 15,135 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Wyndham Worldwide by 107.2% in the second quarter. Teacher Retirement System of Texas now owns 9,852 shares of the company’s stock valued at $989,000 after purchasing an additional 5,097 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in shares of Wyndham Worldwide in the second quarter valued at approximately $251,000. 94.13% of the stock is owned by institutional investors and hedge funds.
Wyndham Worldwide Co. (WYN) traded down $0.76 on Wednesday, reaching $111.98. 692,900 shares of the company’s stock were exchanged, compared to its average volume of 1,109,941. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. Wyndham Worldwide Co. has a 12-month low of $75.36 and a 12-month high of $114.49. The firm has a market cap of $11,423.52, a price-to-earnings ratio of 18.64 and a beta of 1.35.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts forecast that Wyndham Worldwide Co. will post 6.04 earnings per share for the current fiscal year.
Wyndham Worldwide announced that its board has approved a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, November 24th. Wyndham Worldwide’s dividend payout ratio is presently 41.58%.
In other Wyndham Worldwide news, Director George Herrera sold 311 shares of Wyndham Worldwide stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.39% of the stock is currently owned by insiders.
Separately, Zacks Investment Research lowered shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.29.
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Wyndham Worldwide 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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