Wright Investors Service Inc. Acquires New Holdings in Wyndham Destinations (NASDAQ:WYND)

Wright Investors Service Inc. acquired a new stake in Wyndham Destinations (NASDAQ:WYND) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 15,241 shares of the company’s stock, valued at approximately $669,000.

Other large investors have also modified their holdings of the company. ClariVest Asset Management LLC purchased a new stake in Wyndham Destinations during the first quarter worth about $10,649,000. Meiji Yasuda Life Insurance Co purchased a new stake in Wyndham Destinations during the first quarter worth about $615,000. WINTON GROUP Ltd purchased a new stake in Wyndham Destinations during the second quarter worth about $3,474,000. Metropolitan Life Insurance Co NY purchased a new stake in Wyndham Destinations during the first quarter worth about $1,292,000. Finally, NEXT Financial Group Inc increased its stake in Wyndham Destinations by 10,216.3% during the second quarter. NEXT Financial Group Inc now owns 8,253 shares of the company’s stock worth $363,000 after purchasing an additional 8,173 shares during the period.

Shares of Wyndham Destinations stock traded down $0.36 on Thursday, reaching $38.68. 22,855 shares of the company were exchanged, compared to its average volume of 812,585. Wyndham Destinations has a 1-year low of $33.55 and a 1-year high of $49.75. The stock’s 50 day moving average is $44.39.

Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings data 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year.

A number of brokerages have issued reports on WYND. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Saturday, August 3rd. Finally, Nomura boosted their price target 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.46.

In other Wyndham Destinations news, insider Michael Dean Brown purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $40.16 per share, with a total value of $200,800.00. 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 company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were 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.

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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