Wyndham Destinations Sees Unusually High Options Volume (WYND)

Wyndham Destinations (NASDAQ:WYND) was the target of some unusual options trading activity on Wednesday. Investors acquired 1,251 call options on the company. This represents an increase of 917% compared to the average volume of 123 call options.

A number of brokerages have recently weighed in on WYND. 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 report on Saturday, August 11th. Credit Suisse Group dropped their target price on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. TheStreet raised shares of Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Jefferies Financial Group assumed coverage on shares of Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, SunTrust Banks assumed coverage on shares of Wyndham Destinations in a research report on Thursday, June 14th. They issued a “buy” rating and a $69.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.71.

NASDAQ WYND opened at $36.94 on Thursday. Wyndham Destinations has a 12 month low of $36.89 and a 12 month high of $57.67.



Wyndham Destinations (NASDAQ:WYND) last posted its earnings results on Wednesday, August 8th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $1.53 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, September 13th.

In other news, insider Michael Dean Brown acquired 6,000 shares of Wyndham Destinations stock in a transaction dated Tuesday, August 21st. The shares were acquired at an average cost of $45.20 per share, for a total transaction of $271,200.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director George Herrera sold 747 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were 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.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Wyndham Destinations during the 2nd quarter worth $103,000. CENTRAL TRUST Co purchased a new position in Wyndham Destinations during the 2nd quarter worth $110,000. Huntington National Bank purchased a new position in Wyndham Destinations during the 2nd quarter worth $128,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Wyndham Destinations during the 2nd quarter worth $146,000. Finally, Duncker Streett & Co. Inc. purchased a new position in Wyndham Destinations during the 2nd quarter worth $152,000.

About Wyndham Destinations

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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