Wyndham Worldwide Corporation (WYN) : Spirit Of America Management Corpny 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 Oct 14, 2016 with the SEC. The investment management company has sold out 8,700 shares of Wyndham Worldwide Corporation which is valued at $589,599.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in WYN by selling 9 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 2,863 shares of WYN which is valued at $194,026. Wyndham Worldwide Corporation makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Msi Financial Services Inc reduced its stake in WYN by selling 58 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 390 shares of WYN which is valued at $26,208.Gradient Investments reduced its stake in WYN by selling 55,827 shares or 99.08% in the most recent quarter. The Hedge Fund company now holds 520 shares of WYN which is valued at $35,308.Advisory Services Network boosted its stake in WYN in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 155 shares of Wyndham Worldwide Corporation which is valued at $10,376.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.
Wyndham Worldwide Corporation opened for trading at $67.73 and hit $68.15 on the upside on Friday, eventually ending the session at $67.77, with a gain of 0.85% or 0.57 points. The heightened volatility saw the trading volume jump to 9,72,093 shares. Company has a market cap of $7,446 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. 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.