Bailard Inc. reduced its holdings in shares of Wyndham Worldwide Co. (NYSE:WYN) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,372 shares of the company’s stock after selling 1,282 shares during the period. Bailard Inc.’s holdings in Wyndham Worldwide were worth $5,141,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Calton & Associates Inc. acquired a new stake in shares of Wyndham Worldwide during the 4th quarter valued at about $103,000. Gradient Investments LLC acquired a new stake in shares of Wyndham Worldwide during the 4th quarter valued at about $163,000. Jane Street Group LLC acquired a new stake in shares of Wyndham Worldwide during the 3rd quarter valued at about $209,000. Lourd Capital LLC acquired a new stake in shares of Wyndham Worldwide during the 4th quarter valued at about $231,000. Finally, Rational Advisors LLC acquired a new stake in shares of Wyndham Worldwide during the 3rd quarter valued at about $253,000. Institutional investors and hedge funds own 93.72% of the company’s stock.
In related news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the transaction, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.39% of the company’s stock.
WYN has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group initiated coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 target price 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, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $122.50.
Wyndham Worldwide Co. (NYSE WYN) opened at $117.92 on Wednesday. Wyndham Worldwide Co. has a 1-year low of $80.15 and a 1-year high of $127.96. The stock has a market cap of $11,950.00, a PE ratio of 21.17 and a beta of 1.37. 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 declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
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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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