Tremblant Capital Group buys $49,814,840 stake in Wyndham Worldwide Corporation (WYN)

Wyndham Worldwide Corporation (WYN) : Tremblant Capital Group scooped up 53,951 additional shares in Wyndham Worldwide Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 718,000 shares of Wyndham Worldwide Corporation which is valued at $49,814,840.Wyndham Worldwide Corporation makes up approximately 3.96% of Tremblant Capital Group’s portfolio.

Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in WYN by selling 21 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 711 shares of WYN which is valued at $49,329. Wyndham Worldwide Corporation makes up approx 0.04% of Park Avenue Institutional Advisers’s portfolio. Meiji Yasuda Asset Management Co Ltd. added WYN to its portfolio by purchasing 5,575 company shares during the most recent quarter which is valued at $386,794. Wyndham Worldwide Corporation makes up approx 0.05% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Thrivent Financial For Lutherans reduced its stake in WYN by selling 16,650 shares or 13.38% in the most recent quarter. The Hedge Fund company now holds 107,792 shares of WYN which is valued at $7,478,609. Wyndham Worldwide Corporation makes up approx 0.04% of Thrivent Financial For Lutherans’s portfolio.

Wyndham Worldwide Corporation closed down -0.05 points or -0.07% at $70.74 with 8,83,262 shares getting traded on Thursday. Post opening the session at $70.98, the shares hit an intraday low of $70.38 and an intraday high of $71.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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