Hedge Funds Aren’t Letting Their Money Stay At Wyndham Worldwide Corporation (WYN)

Due to the fact that Wyndham Worldwide Corporation (NYSE:WYN) has gone through a decline in interest from hedge fund managers, it’s easy to see that there was a specific group of fund managers who sold off their full holdings by the end of the third quarter. Interestingly, First Eagle Investment Management dumped the biggest position of the “upper crust” of funds monitored by Insider Monkey, totaling about $145.2 million in stock. Curtis Schenker and Craig Effron’s fund, Scoggin, also dropped its stock, about $13.4 million worth.

Let’s check out hedge fund activity in other stocks similar to Wyndham Worldwide Corporation (NYSE:WYN). We will take a look at Westinghouse Air Brake Technologies Corp (NYSE:WAB), SEI Investments Company (NASDAQ:SEIC), Jazz Pharmaceuticals plc – Ordinary Shares (NASDAQ:JAZZ), and DexCom, Inc. (NASDAQ:DXCM). This group of stocks’ market caps are closest to WYN’s market cap.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $527 million. That figure was $623 million in WYN’s case. Jazz Pharmaceuticals plc – Ordinary Shares (NASDAQ:JAZZ) is the most popular stock in this table. On the other hand SEI Investments Company (NASDAQ:SEIC) is the least popular one with only 20 bullish hedge fund positions. Wyndham Worldwide Corporation (NYSE:WYN) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard JAZZ might be a better candidate to consider taking a long position in.

Disclosure: None