North Star Asset Management Inc. Acquires 11,752 Shares of Wyndham Worldwide Corp. (WYN)
North Star Asset Management Inc. raised its position in Wyndham Worldwide Corp. (NYSE:WYN) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,245 shares of the company’s stock after buying an additional 11,752 shares during the period. Wyndham Worldwide Corp. makes up approximately 1.4% of North Star Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. North Star Asset Management Inc. owned approximately 0.15% of Wyndham Worldwide Corp. worth $12,055,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its position in Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock worth $105,000 after buying an additional 4 shares in the last quarter. LMR Partners LLP acquired a new position in Wyndham Worldwide Corp. during the second quarter worth approximately $244,000. Winslow Evans & Crocker Inc. increased its position in Wyndham Worldwide Corp. by 19.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,956 shares of the company’s stock worth $282,000 after buying an additional 637 shares in the last quarter. ING Groep NV acquired a new position in Wyndham Worldwide Corp. during the second quarter worth approximately $284,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in Wyndham Worldwide Corp. during the first quarter worth approximately $346,000. Institutional investors own 97.76% of the company’s stock.
Wyndham Worldwide Corp. (NYSE:WYN) traded down 0.68% on Thursday, reaching $67.17. 1,250,036 shares of the company’s stock traded hands. Wyndham Worldwide Corp. has a 52-week low of $60.59 and a 52-week high of $82.99. The company’s 50 day moving average is $68.49 and its 200-day moving average is $70.75. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 13.28 and a beta of 1.26.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Wyndham Worldwide Corp. had a net margin of 10.43% and a return on equity of 67.58%. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Equities analysts expect that Wyndham Worldwide Corp. will post $5.73 EPS for the current year.
A number of research firms have recently commented on WYN. Zacks Investment Research downgraded shares of Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Telsey Advisory Group reduced their price objective on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, July 28th. Deutsche Bank AG cut their target price on shares of Wyndham Worldwide Corp. from $64.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, July 28th. Wolfe Research started coverage on shares of Wyndham Worldwide Corp. in a research note on Wednesday, July 6th. They issued an “outperform” rating for the company. Finally, MKM Partners reiterated a “buy” rating on shares of Wyndham Worldwide Corp. in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.11.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 463 shares of Wyndham Worldwide Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $71.71, for a total value of $33,201.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.03% of the stock is currently owned by company insiders.
About Wyndham Worldwide Corp.
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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