North Forty Management Exits Position in Wyndham Worldwide Corporation (WYN)

Wyndham Worldwide Corporation (WYN) : North Forty 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 Apr 26, 2016 with the SEC. The investment management company has sold out 816 shares of Wyndham Worldwide Corporation which is valued at $57,895.

Wyndham Worldwide Corporation closed down -0.02 points or -0.03% at $70.93 with 11,35,149 shares getting traded on Monday. Post opening the session at $71.46, the shares hit an intraday low of $70.65 and an intraday high of $71.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in WYN in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 8,268 shares of Wyndham Worldwide Corporation which is valued at $586,615. Wyndham Worldwide Corporation makes up approx 0.02% of Oppenheimer Co Inc’s portfolio. Curian Capital sold out all of its stake in WYN during the most recent quarter. The investment firm sold 5,662 shares of WYN which is valued $401,719. Eagle Ridge Investment Management sold out all of its stake in WYN during the most recent quarter. The investment firm sold 7,421 shares of WYN which is valued $565,258.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WYN in the latest quarter, The investment management firm added 3,650 additional shares and now holds a total of 27,449 shares of Wyndham Worldwide Corporation which is valued at $2,133,336. Wyndham Worldwide Corporation makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

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.

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.

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