Wittenberg Investment Management Inc. lowered its stake in Wyndham Destinations (NASDAQ:WYND) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,205 shares of the company’s stock after selling 1,500 shares during the quarter. Wittenberg Investment Management Inc.’s holdings in Wyndham Destinations were worth $536,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. NuWave Investment Management LLC acquired a new position in shares of Wyndham Destinations in the second quarter valued at approximately $25,000. Huntington National Bank acquired a new position in shares of Wyndham Destinations in the second quarter valued at approximately $25,000. First Financial Corp IN acquired a new position in shares of Wyndham Destinations in the second quarter valued at approximately $26,000. Cerebellum GP LLC acquired a new position in shares of Wyndham Destinations in the second quarter valued at approximately $29,000. Finally, Advisory Services Network LLC acquired a new position in shares of Wyndham Destinations in the first quarter valued at approximately $34,000.
WYND has been the subject of several recent research reports. Nomura upped their price objective on Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Saturday, May 4th. Finally, SunTrust Banks set a $75.00 price objective on Wyndham Destinations and gave the company a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.96.
Shares of Wyndham Destinations stock traded down $1.44 on Friday, hitting $42.38. The stock had a trading volume of 707,029 shares, compared to its average volume of 813,884. The company has a 50 day moving average of $44.97. Wyndham Destinations has a twelve month low of $33.55 and a twelve month high of $49.75.
Wyndham Destinations (NASDAQ:WYND) last released its earnings results 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS.
In other Wyndham Destinations news, Director Stephen P. Holmes sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $43.89, for a total transaction of $2,194,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 757 shares of the stock in a transaction that occurred 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 a total of 100,757 shares of company stock valued at $4,438,128 in the last three months.
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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