Cadence Capital Management LLC Sells 515 Shares of Wyndham Worldwide Co. (WYN)

Cadence Capital Management LLC lowered its stake in shares of Wyndham Worldwide Co. (NYSE:WYN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,247 shares of the company’s stock after selling 515 shares during the period. Cadence Capital Management LLC’s holdings in Wyndham Worldwide were worth $3,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its stake in shares of Wyndham Worldwide by 68.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 15,195 shares of the company’s stock valued at $1,761,000 after buying an additional 6,158 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $103,000. Public Employees Retirement Association of Colorado raised its stake in shares of Wyndham Worldwide by 2.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,678 shares of the company’s stock valued at $2,396,000 after buying an additional 539 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Wyndham Worldwide during the 4th quarter valued at about $472,000. Finally, Cadence Bank NA raised its stake in shares of Wyndham Worldwide by 7.7% during the 4th quarter. Cadence Bank NA now owns 15,534 shares of the company’s stock valued at $1,800,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

Shares of Wyndham Worldwide Co. (NYSE:WYN) opened at $122.73 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 9.00. Wyndham Worldwide Co. has a twelve month low of $81.16 and a twelve month high of $127.96. The stock has a market capitalization of $11,948.39, a PE ratio of 21.80 and a beta of 1.37.

Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $1.35 EPS. Wyndham Worldwide’s revenue was up 5.6% compared to the same quarter last year. equities research analysts anticipate that Wyndham Worldwide Co. will post 6.04 earnings per share for the current year.

Wyndham Worldwide announced that its board has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In related news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction dated Monday, December 18th. The stock was 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 in the company, valued at approximately $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.

A number of equities analysts have weighed in on the company. SunTrust Banks lifted their price objective on Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Wyndham Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Macquarie assumed coverage on Wyndham Worldwide in a research note on Friday, January 5th. They issued an “underperform” rating for the company. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target on shares of Wyndham Worldwide in a research note on Friday, January 19th. Finally, Jefferies Group assumed coverage on Wyndham Worldwide in a research note on Friday, January 19th. They issued a “buy” rating and a $202.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $123.44.

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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.

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

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