Pecaut Lowers stake in Wyndham Worldwide Corporation (WYN)

Wyndham Worldwide Corporation (WYN) : Pecaut reduced its stake in Wyndham Worldwide Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 37,200 shares of Wyndham Worldwide Corporation which is valued at $2,833,524 after selling 200 shares in Wyndham Worldwide Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Wyndham Worldwide Corporation makes up approximately 2.79% of Pecaut’s portfolio.

Wyndham Worldwide Corporation closed down -1.31 points or -1.69% at $76.17 with 11,02,000 shares getting traded on Friday. Post opening the session at $77.42, the shares hit an intraday low of $76 and an intraday high of $77.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , New York State Teachers Retirement System reduced its stake in WYN by selling 438 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 206,769 shares of WYN which is valued at $15,749,595. Wyndham Worldwide Corporation makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in WYN in the latest quarter, The investment management firm added 1,064 additional shares and now holds a total of 23,577 shares of Wyndham Worldwide Corporation which is valued at $1,832,404. Wyndham Worldwide Corporation makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Charter Trust Co added WYN to its portfolio by purchasing 2,668 company shares during the most recent quarter which is valued at $203,942. Wyndham Worldwide Corporation makes up approx 0.03% of Charter Trust Co’s portfolio. River Mercantile Asset Management Llp sold out all of its stake in WYN during the most recent quarter. The investment firm sold 350 shares of WYN which is valued $26,754.New England Research Management reduced its stake in WYN by selling 100 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 17,025 shares of WYN which is valued at $1,301,391. Wyndham Worldwide Corporation makes up approx 1.12% of New England Research Management’s portfolio.

On the company’s financial health, Wyndham Worldwide Corporation reported $0.98 EPS for the quarter, based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus estimate of $0.98. The company had revenue of $1311.00 million for the quarter, compared to analysts expectations of $1288.53 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.

Many Wall Street Analysts have commented on Wyndham Worldwide Corporation. Company shares were Reiterated by Stifel on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .Credit Suisse Initiated Wyndham Worldwide Corporation on Feb 5, 2016 to “Neutral”, Price Target of the shares are set at $63.

Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers a wide range of hospitality services and products through a portfolio of brands including Wyndham Hotels and Resorts Ramada Days Inn Super 8 Howard Johnson Wingate by Wyndham Microtel Inns & Suites Tryp by Wyndham RCI Landal GreenParks and others. The Company operates through three segments: Lodging which franchises hotels in the upscale upper midscale midscale economy and extended stay segments and provides hotel management services for service hotels; Vacation exchange and rentals which provides vacation exchange services and products to owners of intervals of vacation ownership interests (VOIs) and markets vacation rental properties and Vacation ownership which develops markets and sells VOIs to individual consumers provides consumer financing in connection with the sale of VOIs and provides property management services at resorts.

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