State of New Jersey Common Pension Fund D Makes New $659,000 Investment in Wyndham Destinations (NASDAQ:WYND)

State of New Jersey Common Pension Fund D purchased a new position in Wyndham Destinations (NASDAQ:WYND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $659,000.

A number of other large investors have also recently made changes to their positions in the business. Machina Capital S.A.S. boosted its holdings in Wyndham Destinations by 11.1% in the second quarter. Machina Capital S.A.S. now owns 3,444 shares of the company’s stock worth $151,000 after acquiring an additional 344 shares in the last quarter. NuWave Investment Management LLC bought a new position in Wyndham Destinations in the second quarter worth approximately $25,000. First Financial Corp IN bought a new position in Wyndham Destinations in the second quarter worth approximately $26,000. Cerebellum GP LLC bought a new position in Wyndham Destinations in the second quarter worth approximately $29,000. Finally, Country Trust Bank bought a new position in Wyndham Destinations in the second quarter worth approximately $34,000.

Shares of WYND stock traded down $1.44 during trading hours on Friday, reaching $42.38. The company had a trading volume of 17,783 shares, compared to its average volume of 814,611. Wyndham Destinations has a 12 month low of $33.55 and a 12 month high of $49.75. The firm has a fifty day moving average of $44.98.

Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share.

In other Wyndham Destinations news, Director Stephen P. Holmes sold 50,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $44.25, for a total value of $2,212,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 757 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $41.12, for a total value of $31,127.84. The disclosure for this sale can be found here. Insiders have sold 100,757 shares of company stock worth $4,438,128 over the last quarter.

A number of research analysts have recently weighed in on WYND shares. Nomura raised their target price on Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday. SunTrust Banks set a $75.00 target price on Wyndham Destinations and gave the company a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Saturday, May 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $55.96.

Wyndham Destinations Company Profile

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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Institutional Ownership by Quarter for Wyndham Destinations (NASDAQ:WYND)

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