Bailard Inc. reduced its position in shares of Wyndham Worldwide Co. (NYSE:WYN) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 44,372 shares of the company’s stock after selling 1,282 shares during the period. Bailard Inc.’s holdings in Wyndham Worldwide were worth $5,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Iridian Asset Management LLC CT raised its stake in shares of Wyndham Worldwide by 9.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock worth $278,143,000 after acquiring an additional 211,886 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Wyndham Worldwide by 52.3% in the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after acquiring an additional 695,118 shares during the last quarter. Smith Asset Management Group LP raised its stake in shares of Wyndham Worldwide by 171.3% in the third quarter. Smith Asset Management Group LP now owns 748,347 shares of the company’s stock worth $25,807,000 after acquiring an additional 472,464 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Wyndham Worldwide by 479.7% in the third quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock worth $76,556,000 after acquiring an additional 600,980 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Wyndham Worldwide by 1.7% in the third quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock worth $62,573,000 after acquiring an additional 9,892 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their price target on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a research note on Friday, January 19th. They set a “buy” rating and a $202.00 price target for the company. Macquarie assumed coverage on shares of Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating for the company. Finally, Zacks Investment Research downgraded shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Wyndham Worldwide currently has a consensus rating of “Hold” and a consensus price target of $122.50.

Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at $117.92 on Wednesday. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market cap of $11,950.00, a P/E ratio of 21.17 and a beta of 1.37. Wyndham Worldwide Co. has a 12 month low of $80.15 and a 12 month high of $127.96.

Wyndham Worldwide declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.39% of the company’s stock.

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Wyndham Worldwide Company Profile

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: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

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Institutional Ownership by Quarter for Wyndham Worldwide (NYSE:WYN)

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