Scoggin Management Lp adds Wyndham Worldwide Corporation (WYN) to its portfolio

Wyndham Worldwide Corporation (WYN) : Scoggin Management Lp added new position in Wyndham Worldwide Corporation during the most recent quarter end. The investment management firm now holds 188,000 shares of Wyndham Worldwide Corporation which is valued at $13,097,960 , the company said in a statement filed on Aug 9, 2016 with the SEC.Wyndham Worldwide Corporation makes up approximately 4.09% of Scoggin Management Lp’s portfolio.

Other Hedge Funds, Including , Reilly Financial Advisors boosted its stake in WYN in the latest quarter, The investment management firm added 2,704 additional shares and now holds a total of 96,332 shares of Wyndham Worldwide Corporation which is valued at $6,617,045. Wyndham Worldwide Corporation makes up approx 1.18% of Reilly Financial Advisors’s portfolio.Cibc World Markets boosted its stake in WYN in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 6,751 shares of Wyndham Worldwide Corporation which is valued at $521,312.Ls Investment Advisors boosted its stake in WYN in the latest quarter, The investment management firm added 787 additional shares and now holds a total of 6,344 shares of Wyndham Worldwide Corporation which is valued at $489,884. Wyndham Worldwide Corporation makes up approx 0.03% of Ls Investment Advisors’s portfolio.

Wyndham Worldwide Corporation opened for trading at $70.11 and hit $70.87 on the upside on Wednesday, eventually ending the session at $70.86, with a gain of 1.13% or 0.79 points. The heightened volatility saw the trading volume jump to 14,37,718 shares. Company has a market cap of $7,786 M.

On the company’s financial health, Wyndham Worldwide Corporation reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.37. The company had revenue of $1403.00 million for the quarter, compared to analysts expectations of $1444.35 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Wyndham Worldwide Corporation. Shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Outperform” and Lowered the Price Target to $ 94 from a previous price target of $95 .

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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