Wyndham Worldwide Corporation (WYN) : Meridian Investment Counsel scooped up 4,960 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 10, 2016. The investment management firm now holds a total of 18,785 shares of Wyndham Worldwide Corporation which is valued at $1,303,303.Wyndham Worldwide Corporation makes up approximately 0.86% of Meridian Investment Counsel’s portfolio.
Other Hedge Funds, Including , Mizuho Asset Managementltd. boosted its stake in WYN in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 1,503 shares of Wyndham Worldwide Corporation which is valued at $104,278. Wyndham Worldwide Corporation makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio.Icon Advisers Incco boosted its stake in WYN in the latest quarter, The investment management firm added 4,470 additional shares and now holds a total of 163,110 shares of Wyndham Worldwide Corporation which is valued at $11,337,776. Wyndham Worldwide Corporation makes up approx 0.75% of Icon Advisers Incco’s portfolio.Retirement Systems Of Alabama reduced its stake in WYN by selling 2,914 shares or 4.86% in the most recent quarter. The Hedge Fund company now holds 57,075 shares of WYN which is valued at $4,031,778. Wyndham Worldwide Corporation makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.
Wyndham Worldwide Corporation opened for trading at $70.69 and hit $71.82 on the upside on Friday, eventually ending the session at $71.78, with a gain of 0.97% or 0.69 points. The heightened volatility saw the trading volume jump to 12,87,160 shares. Company has a market cap of $7,887 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.