Traders sold shares of Wyndham Worldwide Corp (NYSE:WYN) on strength during trading hours on Thursday. $8.84 million flowed into the stock on the tick-up and $55.25 million flowed out of the stock on the tick-down, for a money net flow of $46.41 million out of the stock. Of all companies tracked, Wyndham Worldwide Corp had the 13th highest net out-flow for the day. Wyndham Worldwide Corp traded up $0.70 for the day and closed at $109.67
A number of research analysts recently weighed in on WYN shares. Buckingham Research assumed coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 target price on the stock. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus restated a “buy” rating and set a $110.00 price objective (up previously from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. BidaskClub cut Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Telsey Advisory Group cut Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Wyndham Worldwide Corp presently has an average rating of “Hold” and a consensus price target of $100.43.
The company has a market capitalization of $11.27 billion, a P/E ratio of 20.20 and a beta of 1.36. The company’s 50-day moving average price is $102.53 and its 200 day moving average price is $98.63.
Wyndham Worldwide Corp (NYSE:WYN) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. Analysts predict that Wyndham Worldwide Corp will post $6.16 EPS for the current year.
In other news, Director George Herrera sold 323 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $97.60, for a total transaction of $31,524.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.39% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its stake in shares of Wyndham Worldwide Corp by 15.9% during the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after purchasing an additional 201 shares during the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after purchasing an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in shares of Wyndham Worldwide Corp during the second quarter valued at approximately $158,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Wyndham Worldwide Corp by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after purchasing an additional 338 shares during the last quarter. Finally, Smithfield Trust Co. bought a new stake in shares of Wyndham Worldwide Corp during the second quarter valued at approximately $170,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.
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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: 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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