KAMES CAPITAL plc Sells 914 Shares of Wyndham Worldwide Co. (WYN)
KAMES CAPITAL plc trimmed its position in Wyndham Worldwide Co. (NYSE:WYN) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 167,615 shares of the company’s stock after selling 914 shares during the period. KAMES CAPITAL plc’s holdings in Wyndham Worldwide were worth $19,438,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. DnB Asset Management AS lifted its holdings in Wyndham Worldwide by 7.5% in the 4th quarter. DnB Asset Management AS now owns 11,400 shares of the company’s stock valued at $1,321,000 after purchasing an additional 800 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Wyndham Worldwide by 5.4% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 23,020 shares of the company’s stock worth $2,667,000 after acquiring an additional 1,180 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Wyndham Worldwide by 2.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 417,431 shares of the company’s stock worth $44,001,000 after acquiring an additional 9,058 shares during the period. Coastline Trust Co lifted its holdings in shares of Wyndham Worldwide by 4.3% during the 3rd quarter. Coastline Trust Co now owns 19,350 shares of the company’s stock worth $2,040,000 after acquiring an additional 790 shares during the period. Finally, IFM Investors Pty Ltd purchased a new position in shares of Wyndham Worldwide during the 3rd quarter worth about $329,000. Institutional investors own 94.09% of the company’s stock.
WYN has been the topic of several recent analyst reports. Macquarie initiated coverage on shares of Wyndham Worldwide in a report on Friday, January 5th. They set an “underperform” rating on the stock. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Stifel Nicolaus increased their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Finally, Wolfe Research upgraded shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $110.14.
In related news, Director George Herrera sold 311 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by corporate insiders.
Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at $117.93 on Friday. The stock has a market cap of $11,840.00, a P/E ratio of 21.17 and a beta of 1.36. Wyndham Worldwide Co. has a 1 year low of $75.80 and a 1 year high of $117.96. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00.
Wyndham Worldwide (NYSE:WYN) last posted its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. analysts expect that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.
Wyndham Worldwide announced that its board has initiated a share buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
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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