’s Lone Pine Capital revealed in a new filing with the Securities and Exchange Commission, that it has upped its holding in Wyndham Worldwide Corporation (NYSE:WYN
) to 6.77 million shares from 5.71 million shares held earlier. The current holding represents 5.2% of the common stock of Wyndham Worldwide.
Wyndham Hotel Group, a division of the Wyndham Worldwide (NYSE:
WYN) family of companies, is the largest hotel company in the world with approximately 7,440 hotels across 68 countries. Recently, Wyndham Worldwide Corporation (NYSE:
WYN) celebrated its achievement of crossing the 100 mark
of the number of hotels in Germany, after opening eight new hotels, which brings the number to a total of 103 hotels in Germany.
On average, the analysts gave the stock the“Overweight” rating, with the target price being set at $78.8. With current trade price
of $73.60, the stock has further room for growth to the target.
Among other investors, Iridian Asset Management, led by David Cohen and Harold Levy
, holds 5.77 million shares of Wyndham Worldwide Corporation (NYSE:
WYN), worth $351.96 million. Christopher Medlock James
’ Partner Fund Management, also has a long position which amasses some 2.89 million shares, with a value of $176.04 million. Blue Ridge Capital, managed by John Griffin
, held almost 2.83 million shares at the end of September, with a value of $172.55 million.
Steve Mandel is a “bottom-up” investor and has great stock picking abilities. The fund has earlier, increased
its position in The Gap Inc. (NYSE:GPS
) to around 25.1 million shares, from 19.2 million shares. It also purchased
the shares of Pandora Media Inc (NYSE:P
), and holds a stake of 5.3% in the company. The fund has invested 4.45% of its equity portfolio in Dollar General Corp. (NYSE:DG
) and currently owns in aggregate around 17.68 million shares.
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