Wyndham Worldwide Co. (NYSE:WYN) CEO Geoffrey A. Ballotti sold 3,731 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $117.04, for a total transaction of $436,676.24. Following the sale, the chief executive officer now owns 117,843 shares of the company’s stock, valued at approximately $13,792,344.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Wyndham Worldwide Co. (WYN) traded up $0.11 during mid-day trading on Friday, reaching $116.26. 831,415 shares of the company’s stock traded hands, compared to its average volume of 1,038,802. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 6.44. Wyndham Worldwide Co. has a 52-week low of $82.14 and a 52-week high of $127.96. The company has a market cap of $11,575.90, a price-to-earnings ratio of 13.74 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned $1.35 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. equities research analysts forecast that Wyndham Worldwide Co. will post 7.03 EPS for the current fiscal year.
WYN has been the subject of a number of research reports. Wolfe Research upgraded shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 21st. Goldman Sachs raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus raised their price target on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Macquarie assumed coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $123.44.
Hedge funds have recently added to or reduced their stakes in the business. Calton & Associates Inc. bought a new position in Wyndham Worldwide in the 4th quarter valued at about $103,000. Gradient Investments LLC bought a new position in Wyndham Worldwide in the 4th quarter valued at about $163,000. We Are One Seven LLC bought a new position in Wyndham Worldwide in the 4th quarter valued at about $171,000. Tower Research Capital LLC TRC increased its holdings in Wyndham Worldwide by 790.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock valued at $187,000 after buying an additional 1,431 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new position in Wyndham Worldwide in the 4th quarter valued at about $205,000. 92.98% of the stock is currently owned by hedge funds and other institutional investors.
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About Wyndham Worldwide
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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