Cadence Capital Management LLC lessened its holdings in shares of Wyndham Worldwide Co. (NYSE:WYN) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its stake in 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 acquiring an additional 6,158 shares in the last quarter. Calton & Associates Inc. purchased a new stake in Wyndham Worldwide during the 4th quarter valued at about $103,000. Public Employees Retirement Association of Colorado grew its stake in 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 acquiring an additional 539 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Wyndham Worldwide during the 4th quarter valued at about $472,000. Finally, Cadence Bank NA grew its stake in 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 acquiring an additional 1,105 shares in the last quarter. 93.77% of the stock is owned by institutional investors.
In other news, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.39% of the company’s stock.
Wyndham Worldwide announced that its board has authorized a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several analysts recently issued reports on the stock. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price objective on shares of Wyndham Worldwide in a research note on Friday, January 19th. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a research note on Friday, January 19th. They set a “buy” rating and a $202.00 price objective for the company. Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, Macquarie assumed coverage on shares of Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Wyndham Worldwide presently has an average rating of “Hold” and a consensus target price of $122.50.
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Wyndham Worldwide 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.
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