First Mercantile Trust Co Lowers stake in Wyndham Worldwide Corporation (WYN)

Wyndham Worldwide Corporation (WYN) : First Mercantile Trust Co reduced its stake in Wyndham Worldwide Corporation by 18.58% during the most recent quarter end. The investment management company now holds a total of 11,725 shares of Wyndham Worldwide Corporation which is valued at $784,872 after selling 2,675 shares in Wyndham Worldwide Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Wyndham Worldwide Corporation makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co added WYN to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $3,347.Bnp Paribas Arbitrage Sa boosted its stake in WYN in the latest quarter, The investment management firm added 11,182 additional shares and now holds a total of 49,262 shares of Wyndham Worldwide Corporation which is valued at $3,298,584. Wyndham Worldwide Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.New England Research Management boosted its stake in WYN in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 17,250 shares of Wyndham Worldwide Corporation which is valued at $1,155,060. Wyndham Worldwide Corporation makes up approx 0.97% of New England Research Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in WYN by selling 4,067 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 91,845 shares of WYN which is valued at $6,149,941. Wyndham Worldwide Corporation makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio. Harbour Capital Advisors sold out all of its stake in WYN during the most recent quarter. The investment firm sold 2,807 shares of WYN which is valued $187,957.

Wyndham Worldwide Corporation closed down -0.11 points or -0.16% at $66.94 with 9,17,745 shares getting traded on Friday. Post opening the session at $67.63, the shares hit an intraday low of $66.62 and an intraday high of $67.63 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 $1.40 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. Wyndham Worldwide Corporation was Initiated by Goldman to “Neutral” on Sep 26, 2016. 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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