Wright Investors Service Inc. acquired a new position in shares of Wyndham Destinations (NASDAQ:WYND) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,241 shares of the company’s stock, valued at approximately $669,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $25,000. Huntington National Bank acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $25,000. First Financial Corp IN acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $26,000. Trustcore Financial Services LLC acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $28,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Wyndham Destinations during the 2nd quarter worth approximately $29,000.
In related news, insider Michael Dean Brown purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $40.16 per share, with a total value of $200,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 757 shares of Wyndham Destinations 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.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $1.25 EPS. Wyndham Destinations’s revenue was up 3.2% compared to the same quarter last year.
A number of equities research analysts have recently commented on the stock. Nomura raised their price objective on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Saturday, August 3rd. Finally, SunTrust Banks set a $75.00 price objective on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Wyndham Destinations presently has a consensus rating of “Buy” and an average price target of $56.46.
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.
Read More: Short Selling Stocks, A Beginner’s Guide
Receive News & Ratings for Wyndham Destinations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Destinations and related companies with MarketBeat.com's FREE daily email newsletter.