Wyndham Worldwide (NYSE:WYN) was upgraded by research analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a report released on Thursday, The Fly reports.
Separately, Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $108.29.
Shares of Wyndham Worldwide (NYSE:WYN) traded down $0.73 on Thursday, hitting $112.83. 483,300 shares of the stock were exchanged, compared to its average volume of 1,101,647. The company has a market cap of $11,506.60, a price-to-earnings ratio of 18.77 and a beta of 1.35. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. Wyndham Worldwide has a 1 year low of $75.36 and a 1 year high of $115.22.
Wyndham Worldwide declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In other news, VP Scott G. Mclester sold 15,381 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 311 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in WYN. Janus Henderson Group PLC grew its position in Wyndham Worldwide by 861.3% during the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock valued at $12,581,000 after purchasing an additional 112,260 shares during the last quarter. Lipe & Dalton purchased a new stake in Wyndham Worldwide during the 2nd quarter valued at about $3,463,000. Freestone Capital Holdings LLC grew its position in Wyndham Worldwide by 9.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock valued at $4,395,000 after purchasing an additional 3,614 shares during the last quarter. State of Tennessee Treasury Department grew its position in Wyndham Worldwide by 16.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock valued at $10,189,000 after purchasing an additional 14,437 shares during the last quarter. Finally, AXA grew its position in Wyndham Worldwide by 91.0% during the 2nd quarter. AXA now owns 432,100 shares of the company’s stock valued at $43,387,000 after purchasing an additional 205,900 shares during the last quarter. 93.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
