Fmr LLC Takes $133.99 Million Position in Wyndham Destinations (NASDAQ:WYND)

FMR LLC acquired a new position in Wyndham Destinations (NASDAQ:WYND) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,309,267 shares of the company’s stock, valued at approximately $133,991,000. FMR LLC owned about 3.53% of Wyndham Destinations at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WYND. First Eagle Investment Management LLC purchased a new position in Wyndham Destinations in the first quarter worth $68,653,000. Neuberger Berman Group LLC purchased a new stake in shares of Wyndham Destinations during the first quarter valued at $36,396,000. OppenheimerFunds Inc. purchased a new stake in shares of Wyndham Destinations during the first quarter valued at $13,773,000. ClariVest Asset Management LLC purchased a new stake in shares of Wyndham Destinations during the first quarter valued at $10,649,000. Finally, Intrepid Capital Management Inc. purchased a new stake in shares of Wyndham Destinations during the first quarter valued at $4,354,000.

In other Wyndham Destinations news, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 50,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $44.25, for a total transaction of $2,212,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 104,460 shares of company stock valued at $4,602,615.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Zynex from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of Wynn Resorts in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Wyndham Destinations currently has an average rating of “Buy” and a consensus price target of $54.71.

Shares of WYND traded down $0.13 during mid-day trading on Thursday, hitting $46.24. 508,635 shares of the company were exchanged, compared to its average volume of 817,385. Wyndham Destinations has a 1-year low of $33.55 and a 1-year high of $47.55. The firm’s 50 day simple moving average is $43.42.

Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.13. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $918.92 million. The firm’s revenue was up 1.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.45 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.89%.

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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