Burney Co. boosted its position in Wyndham Worldwide Corp (NYSE:WYN) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,365 shares of the company’s stock after buying an additional 95 shares during the period. Burney Co.’s holdings in Wyndham Worldwide Corp were worth $562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WYN. Aberdeen Asset Management PLC UK raised its position in Wyndham Worldwide Corp by 12.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 104,096 shares of the company’s stock worth $7,950,000 after buying an additional 11,691 shares during the last quarter. ING Groep NV raised its position in Wyndham Worldwide Corp by 46.5% in the fourth quarter. ING Groep NV now owns 6,657 shares of the company’s stock worth $511,000 after buying an additional 2,114 shares during the last quarter. Cadence Capital Management LLC raised its position in Wyndham Worldwide Corp by 18.9% in the fourth quarter. Cadence Capital Management LLC now owns 50,537 shares of the company’s stock worth $3,860,000 after buying an additional 8,041 shares during the last quarter. Ffcm LLC purchased a new position in Wyndham Worldwide Corp during the fourth quarter worth about $234,000. Finally, Russell Investments Group Ltd. purchased a new position in Wyndham Worldwide Corp during the fourth quarter worth about $14,171,000. 94.75% of the stock is currently owned by hedge funds and other institutional investors.
Wyndham Worldwide Corp (NYSE:WYN) traded up 0.15% during trading on Friday, reaching $81.77. The company’s stock had a trading volume of 842,868 shares. The firm has a market cap of $8.81 billion, a P/E ratio of 15.68 and a beta of 1.24. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $82.05. The stock’s 50 day moving average is $78.28 and its 200-day moving average is $72.13.
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A number of equities analysts recently weighed in on WYN shares. Zacks Investment Research cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Janney Montgomery Scott started coverage on Wyndham Worldwide Corp in a research note on Monday, January 30th. They issued a “neutral” rating and a $87.00 price target on the stock. MKM Partners dropped their price target on Wyndham Worldwide Corp from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, December 5th. Finally, Nomura reissued a “neutral” rating and issued a $69.00 price target (down previously from $75.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $80.75.
In other news, VP Nicola Rossi sold 2,379 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $77.35, for a total transaction of $184,015.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.03% of the company’s stock.
Wyndham Worldwide Corp 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: 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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