Alps Advisors Inc. cut its stake in Wyndham Worldwide Co. (NYSE:WYN) by 49.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,474 shares of the company’s stock after selling 2,395 shares during the period. Alps Advisors Inc.’s holdings in Wyndham Worldwide were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. bought a new stake in shares of Wyndham Worldwide in the fourth quarter worth approximately $103,000. Jane Street Group LLC bought a new stake in shares of Wyndham Worldwide in the third quarter worth approximately $209,000. Lourd Capital LLC bought a new stake in shares of Wyndham Worldwide in the fourth quarter worth approximately $231,000. Rational Advisors LLC bought a new stake in shares of Wyndham Worldwide in the third quarter worth approximately $253,000. Finally, Cetera Investment Advisers bought a new stake in shares of Wyndham Worldwide in the second quarter worth approximately $300,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

Shares of Wyndham Worldwide Co. (NYSE WYN) opened at $117.92 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The stock has a market cap of $11,950.00, a P/E ratio of 21.17 and a beta of 1.37. Wyndham Worldwide Co. has a 12-month low of $80.15 and a 12-month high of $127.96.

Wyndham Worldwide announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Jefferies Group assumed 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 for the company. Macquarie assumed coverage on shares of Wyndham Worldwide in a research note on Friday, January 5th. They issued an “underperform” rating for the company. Finally, Zacks Investment Research lowered shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Wyndham Worldwide currently has an average rating of “Hold” and a consensus price target of $122.50.

In related news, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.39% of the company’s stock.

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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.

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

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