Engineers Gate Manager LP Takes $1.46 Million Position in Wyndham Destinations (WYND)

Engineers Gate Manager LP acquired a new stake in Wyndham Destinations (NASDAQ:WYND) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,703 shares of the company’s stock, valued at approximately $1,461,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Wyndham Destinations in the second quarter valued at about $103,000. CENTRAL TRUST Co purchased a new position in shares of Wyndham Destinations in the second quarter valued at about $110,000. Huntington National Bank purchased a new position in shares of Wyndham Destinations in the second quarter valued at about $128,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Wyndham Destinations in the second quarter valued at about $146,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Wyndham Destinations in the second quarter valued at about $152,000.

In other Wyndham Destinations news, insider Michael Dean Brown acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were acquired at an average price of $45.20 per share, with a total value of $271,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 747 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $44.61, for a total transaction of $33,323.67. The disclosure for this sale can be found here.

Shares of NASDAQ WYND opened at $42.68 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 announced its quarterly earnings results on Thursday, November 1st. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.

WYND has been the topic of a number of analyst reports. TheStreet upgraded shares of Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Jefferies Financial Group initiated coverage on shares of Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Saturday, August 11th. Deutsche Bank set a $58.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, Oppenheimer set a $66.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research report on Thursday, November 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wyndham Destinations currently has a consensus rating of “Buy” and a consensus target price of $57.50.

ILLEGAL ACTIVITY WARNING: “Engineers Gate Manager LP Takes $1.46 Million Position in Wyndham Destinations (WYND)” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://sportsperspectives.com/2018/11/09/engineers-gate-manager-lp-takes-1-46-million-position-in-wyndham-destinations-wynd.html.

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.

See Also: Put Option

Want to see what other hedge funds are holding WYND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wyndham Destinations (NASDAQ:WYND).

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

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.

Leave a Reply