Will Wyndham Worldwide Corporation (NYSE:WYN) burn you?
At the moment, there are a multitude of indicators investors can use to monitor their holdings. A couple of the best are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can outpace the market by a superb margin (see just how much).
Equally as crucial, positive insider trading sentiment is a second way to analyze the investments you’re interested in. As the old adage goes: there are many reasons for an upper level exec to drop shares of his or her company, but just one, very obvious reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this method if “monkeys” understand where to look (learn more here).
Now that that’s out of the way, let’s study the newest info for Wyndham Worldwide Corporation (NYSE:WYN).
What does the smart money think about Wyndham Worldwide Corporation (NYSE:WYN)?
In preparation for the third quarter, a total of 38 of the hedge funds we track held long positions in this stock, a change of 15% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a select group of notable hedge fund managers who were boosting their stakes considerably.
According to our 13F database, David Cohen and Harold Levy’s Iridian Asset Management had the largest position in Wyndham Worldwide Corporation (NYSE:WYN), worth close to $309.4 million, accounting for 3.9% of its total 13F portfolio. On Iridian Asset Management’s heels is Stephen Mandel of Lone Pine Capital, with a $271.6 million position; 1.3% of its 13F portfolio is allocated to the company. Other peers with similar optimism include Christopher Medlock James’s Partner Fund Management, John Griffin’s Blue Ridge Capital and Dinakar Singh’s TPG-AXON Management LP.
With a general bullishness amongst the titans, certain money managers have been driving this bullishness. Iridian Asset Management, managed by David Cohen and Harold Levy, established the largest position in Wyndham Worldwide Corporation (NYSE:WYN). Iridian Asset Management had 309.4 million invested in the company at the end of the quarter. Stephen Mandel’s Lone Pine Capital also made a $271.6 million investment in the stock during the quarter. The other funds with brand new WYN positions are Christopher MedlockáJames’s Partner Fund Management, John Griffin’s Blue Ridge Capital, and Dinakar Singh’s TPG-AXON Management LP.
What have insiders been doing with Wyndham Worldwide Corporation (NYSE:WYN)?
Insider buying is best served when the company we’re looking at has seen transactions within the past six months. Over the last half-year time period, Wyndham Worldwide Corporation (NYSE:WYN) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Wyndham Worldwide Corporation (NYSE:WYN). These stocks are Marriott International Inc (NYSE:MAR), Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT), Hyatt Hotels Corporation (NYSE:H), Expedia Inc (NASDAQ:EXPE), and InterContinental Hotels Group PLC (ADR) (NYSE:IHG). This group of stocks are the members of the lodging industry and their market caps match WYN’s market cap.