Wedge Capital Management L L P NC lifted its holdings in shares of Wyndham Destinations (NASDAQ:WYND) by 3.5% in the third quarter, Holdings Channel reports. The fund owned 1,995,406 shares of the company’s stock after acquiring an additional 68,034 shares during the period. Wedge Capital Management L L P NC’s holdings in Wyndham Destinations were worth $86,521,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Wyndham Destinations during the second quarter valued at approximately $413,146,000. FMR LLC purchased a new stake in shares of Wyndham Destinations during the second quarter valued at approximately $328,935,000. Boston Partners purchased a new stake in shares of Wyndham Destinations during the second quarter valued at approximately $294,781,000. Iridian Asset Management LLC CT purchased a new stake in shares of Wyndham Destinations during the second quarter valued at approximately $243,246,000. Finally, LSV Asset Management purchased a new stake in shares of Wyndham Destinations during the second quarter valued at approximately $111,386,000.
WYND has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. TheStreet downgraded Wyndham Destinations from a “b-” rating to a “c+” rating in a research report on Wednesday, October 10th. Credit Suisse Group decreased their price target on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Jefferies Financial Group began coverage on Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 target price for the company. Finally, Macquarie raised Wyndham Destinations from an “underperform” rating to a “neutral” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Wyndham Destinations currently has an average rating of “Buy” and an average price target of $58.63.
In other Wyndham Destinations news, Director George Herrera sold 747 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $44.61, for a total value of $33,323.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown purchased 6,000 shares of Wyndham Destinations stock in a transaction dated Tuesday, August 21st. The stock was bought at an average price of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.
NASDAQ:WYND opened at $43.13 on Friday. Wyndham Destinations has a 1 year low of $33.61 and a 1 year high of $57.67.
Wyndham Destinations (NASDAQ:WYND) last released its earnings results on Thursday, November 1st. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Wyndham Destinations’s quarterly revenue was up 4.6% compared to the same quarter last year.
Wyndham Destinations 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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