OLD National Bancorp IN acquired a new position in Wyndham Destinations (NASDAQ:WYND) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,064 shares of the company’s stock, valued at approximately $266,000.
Other large investors have also modified their holdings of the company. Raymond James Trust N.A. purchased a new position in Wyndham Destinations in the second quarter worth $283,000. First Financial Corp IN purchased a new position in Wyndham Destinations in the second quarter worth $26,000. Louisiana State Employees Retirement System purchased a new position in Wyndham Destinations in the second quarter worth $1,109,000. First Hawaiian Bank purchased a new position in Wyndham Destinations in the second quarter worth $276,000. Finally, Nisa Investment Advisors LLC purchased a new position in Wyndham Destinations in the second quarter worth $1,036,000.
In other Wyndham Destinations news, Director Stephen P. Holmes sold 50,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $44.25, for a total value of $2,212,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 757 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total transaction of $31,127.84. The disclosure for this sale can be found here. Insiders have sold 104,460 shares of company stock worth $4,602,615 over the last three months.
Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Wyndham Destinations’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share.
Several equities analysts have issued reports on WYND shares. Nomura lifted their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Saturday, May 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $55.58.
About Wyndham Destinations
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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