Wyndham Worldwide Corporation (WYN) : Ashford Investment Management has sold out all of its stake in Wyndham Worldwide Corporation during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 22,000 shares of Wyndham Worldwide Corporation which is valued at $1.5 Million.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in WYN by selling 18,612 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 256,820 shares of WYN which is valued at $17.3 Million. Wyndham Worldwide Corporation makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.Bahl Gaynor Inc boosted its stake in WYN in the latest quarter, The investment management firm added 8,563 additional shares and now holds a total of 17,778 shares of Wyndham Worldwide Corporation which is valued at $1.2 Million. Wyndham Worldwide Corporation makes up approx 0.02% of Bahl Gaynor Inc’s portfolio. Financial Architects Inc added WYN to its portfolio by purchasing 93 company shares during the most recent quarter which is valued at $6,264.Proshare Advisors reduced its stake in WYN by selling 6,527 shares or 20.25% in the most recent quarter. The Hedge Fund company now holds 25,705 shares of WYN which is valued at $1.8 Million. Wyndham Worldwide Corporation makes up approx 0.02% of Proshare Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in WYN by selling 3,108 shares or 9.34% in the most recent quarter. The Hedge Fund company now holds 30,153 shares of WYN which is valued at $2.1 Million. Wyndham Worldwide Corporation makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.
Wyndham Worldwide Corporation closed down -0.23 points or -0.34% at $66.53 with 12,18,585 shares getting traded on Friday. Post opening the session at $67.09, the shares hit an intraday low of $66.42 and an intraday high of $67.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Wyndham Worldwide Corporation reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.11. The company had revenue of $1303.00 million for the quarter, compared to analysts expectations of $1305.58 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Investors should note that on May 10, 2016, Wyndham Worldwide Corporation announced a cash dividend of $0.5000. The company’s management has announced May 25, 2016 as the ex-dividend date and fixed the record date on May 27, 2016. The payable date has been fixed on Jun 10, 2016.
Many Wall Street Analysts have commented on Wyndham Worldwide Corporation. Company shares were Reiterated by Telsey Advisory Group on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $93 .Company shares were Reiterated by MKM Partners on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 89 from a previous price target of $88 .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 .
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.