Natixis Advisors L.P. cut its holdings in Wyndham Destinations (NYSE:WYND) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,666 shares of the company’s stock after selling 1,905 shares during the period. Natixis Advisors L.P.’s holdings in Wyndham Destinations were worth $4,015,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WYND. Marshall Wace LLP bought a new position in Wyndham Destinations in the first quarter worth approximately $127,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Wyndham Destinations in the first quarter worth $3,811,000. BlackRock Inc. purchased a new stake in shares of Wyndham Destinations in the second quarter worth $406,681,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Wyndham Destinations in the third quarter worth $304,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Wyndham Destinations by 310.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 61,600 shares of the company’s stock worth $2,835,000 after purchasing an additional 46,600 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.
In other Wyndham Destinations news, Director George Herrera sold 713 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $49.65, for a total transaction of $35,400.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.59% of the stock is owned by company insiders.
WYND traded down $0.27 during trading on Friday, hitting $39.91. 91,885 shares of the company traded hands, compared to its average volume of 578,664. The company has a market cap of $3.77 billion, a PE ratio of 7.26, a P/E/G ratio of 1.74 and a beta of 1.58. The stock’s 50-day simple moving average is $49.57 and its two-hundred day simple moving average is $47.56. Wyndham Destinations has a 1 year low of $38.34 and a 1 year high of $53.13.
Wyndham Destinations (NYSE:WYND) last posted its earnings results on Wednesday, February 26th. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.02. Wyndham Destinations had a net margin of 12.52% and a negative return on equity of 90.84%. The company had revenue of $981.00 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $1.27 earnings per share. Wyndham Destinations’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Wyndham Destinations will post 5.97 earnings per share for the current fiscal year.
WYND has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Wyndham Destinations from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. ValuEngine raised shares of Wyndham Destinations from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, SunTrust Banks reduced their price objective on shares of Wyndham Destinations from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Wyndham Destinations presently has an average rating of “Hold” and an average target price of $58.67.
About Wyndham Destinations
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.
See Also: Real Estate Investment Trust (REIT) ETF
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