Mackay Shields LLC Acquires New Holdings in Wyndham Worldwide (WYN)

Mackay Shields LLC acquired a new stake in Wyndham Worldwide (NYSE:WYN) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 176,060 shares of the company’s stock, valued at approximately $20,147,000.

Several other large investors also recently added to or reduced their stakes in WYN. Calton & Associates Inc. acquired a new position in shares of Wyndham Worldwide in the fourth quarter valued at $103,000. Gradient Investments LLC acquired a new position in shares of Wyndham Worldwide in the fourth quarter valued at $163,000. We Are One Seven LLC acquired a new position in shares of Wyndham Worldwide in the fourth quarter valued at $171,000. Tower Research Capital LLC TRC increased its holdings in shares of Wyndham Worldwide by 790.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock valued at $187,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of Wyndham Worldwide in the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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In related news, Director George Herrera sold 270 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total transaction of $32,875.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Myra J. Biblowit sold 2,500 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $302,500.00. Following the sale, the director now directly owns 7,924 shares of the company’s stock, valued at approximately $958,804. The disclosure for this sale can be found here. Insiders sold 19,510 shares of company stock worth $2,273,541 over the last 90 days. 2.18% of the stock is currently owned by corporate insiders.

WYN stock opened at $106.30 on Friday. The company has a debt-to-equity ratio of 9.19, a quick ratio of 1.03 and a current ratio of 1.19. Wyndham Worldwide has a 52 week low of $93.70 and a 52 week high of $127.96. The stock has a market capitalization of $10,600.55, a P/E ratio of 16.66 and a beta of 1.36.

Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.06. Wyndham Worldwide had a net margin of 13.78% and a return on equity of 94.96%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $1.01 earnings per share. Wyndham Worldwide’s revenue was up 3.1% compared to the same quarter last year. analysts predict that Wyndham Worldwide will post 7.33 EPS for the current year.

Several equities analysts have commented on the stock. Oppenheimer began coverage on shares of Wyndham Worldwide in a report on Monday, April 2nd. They issued an “outperform” rating and a $135.00 price objective on the stock. Zacks Investment Research downgraded shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, April 27th. Jefferies Group began coverage on shares of Wyndham Worldwide in a research note on Friday, January 19th. They issued a “buy” rating and a $202.00 price target on the stock. SunTrust Banks upped their price target on shares of Wyndham Worldwide to $131.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, ValuEngine downgraded shares of Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $136.43.

About Wyndham Worldwide

Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.

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