BlueMountain Capital Management LLC Has $882,000 Stake in Wyndham Worldwide Corp (WYN)
BlueMountain Capital Management LLC decreased its position in shares of Wyndham Worldwide Corp (NYSE:WYN) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,784 shares of the company’s stock after selling 1,331 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Wyndham Worldwide Corp were worth $882,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smithfield Trust Co. acquired a new stake in shares of Wyndham Worldwide Corp during the 2nd quarter worth approximately $170,000. Lipe & Dalton acquired a new stake in shares of Wyndham Worldwide Corp during the 2nd quarter worth approximately $3,463,000. Brant Point Investment Management LLC acquired a new stake in shares of Wyndham Worldwide Corp during the 1st quarter worth approximately $3,346,000. Freestone Capital Holdings LLC grew its stake in shares of Wyndham Worldwide Corp by 9.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock worth $4,395,000 after purchasing an additional 3,614 shares during the period. Finally, James Investment Research Inc. grew its stake in shares of Wyndham Worldwide Corp by 4,543.7% during the 2nd quarter. James Investment Research Inc. now owns 124,452 shares of the company’s stock worth $12,496,000 after purchasing an additional 121,772 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $97.60, for a total value of $31,524.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.39% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on WYN. Telsey Advisory Group lowered Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research report on Friday, August 4th. BidaskClub lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Buckingham Research began coverage on Wyndham Worldwide Corp in a research report on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. Zacks Investment Research lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $110.00 target price (up previously from $108.00) on shares of Wyndham Worldwide Corp in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.22.
Wyndham Worldwide Corp (WYN) opened at 103.19 on Friday. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 19.00 and a beta of 1.35. The firm has a 50-day moving average price of $99.50 and a 200-day moving average price of $96.05. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50.
Wyndham Worldwide Corp (NYSE:WYN) last posted its earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. Wyndham Worldwide Corp’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, equities analysts predict that Wyndham Worldwide Corp will post $6.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is 43.04%.
Wyndham Worldwide Corp 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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