Stevens Capital Management LP Buys Shares of 71,752 Wyndham Destinations (NASDAQ:WYND)

Stevens Capital Management LP purchased a new stake in Wyndham Destinations (NASDAQ:WYND) in the second quarter, Holdings Channel reports. The institutional investor purchased 71,752 shares of the company’s stock, valued at approximately $3,150,000.

A number of other large investors also recently made changes to their positions in the stock. NuWave Investment Management LLC purchased a new position in Wyndham Destinations in the 2nd quarter valued at $25,000. Huntington National Bank purchased a new position in Wyndham Destinations in the 2nd quarter valued at $25,000. First Financial Corp IN purchased a new position in Wyndham Destinations in the 2nd quarter valued at $26,000. Trustcore Financial Services LLC purchased a new stake in shares of Wyndham Destinations during the 2nd quarter worth $28,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Wyndham Destinations during the 2nd quarter worth $29,000.

NASDAQ WYND traded down $0.23 during trading hours on Thursday, hitting $38.81. The company had a trading volume of 1,970 shares, compared to its average volume of 812,585. Wyndham Destinations has a fifty-two week low of $33.55 and a fifty-two week high of $49.75. The business has a fifty day moving average of $44.39.



Wyndham Destinations (NASDAQ:WYND) last issued its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business earned $1.25 earnings per share. Wyndham Destinations’s quarterly revenue was up 3.2% on a year-over-year basis.

In related news, Director George Herrera sold 757 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $41.12, for a total value of $31,127.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Dean Brown purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $40.16 per share, with a total value of $200,800.00. The disclosure for this purchase can be found here.

Several brokerages have commented on WYND. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Saturday, August 3rd. Nomura lifted their price target on Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, SunTrust Banks set a $75.00 target price on shares of Wyndham Destinations and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $56.46.

Wyndham Destinations 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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