Short Interest in Wyndham Destinations (NYSE:WYND) Expands By 5.0%

Wyndham Destinations (NYSE:WYND) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,500,000 shares, a growth of 5.0% from the January 15th total of 2,380,000 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 505,200 shares, the short-interest ratio is currently 4.9 days.

In related news, Director George Herrera sold 713 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $49.65, for a total transaction of $35,400.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.59% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Wyndham Destinations during the 2nd quarter valued at $406,681,000. LSV Asset Management raised its stake in Wyndham Destinations by 12.9% during the 4th quarter. LSV Asset Management now owns 4,061,498 shares of the company’s stock valued at $209,938,000 after purchasing an additional 463,156 shares during the last quarter. FMR LLC raised its stake in Wyndham Destinations by 2.2% during the 4th quarter. FMR LLC now owns 3,397,210 shares of the company’s stock valued at $175,602,000 after purchasing an additional 71,619 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Wyndham Destinations by 6.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,657,381 shares of the company’s stock valued at $76,273,000 after purchasing an additional 106,801 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Wyndham Destinations by 24.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,325,270 shares of the company’s stock valued at $68,504,000 after purchasing an additional 262,547 shares during the last quarter. Institutional investors and hedge funds own 88.88% of the company’s stock.

Separately, Zacks Investment Research cut shares of Wyndham Destinations from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Wyndham Destinations presently has a consensus rating of “Buy” and a consensus target price of $60.00.

Shares of Wyndham Destinations stock opened at $49.40 on Friday. The firm has a fifty day simple moving average of $50.74 and a 200-day simple moving average of $47.30. Wyndham Destinations has a 1-year low of $38.34 and a 1-year high of $53.13. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.98 and a beta of 1.58.

Wyndham Destinations Company Profile

Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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