Highlander Capital Management LLC acquired a new position in shares of Wyndham Destinations (NASDAQ:WYND) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,600 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fiera Capital Corp acquired a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $16,310,000. Convergence Investment Partners LLC acquired a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $710,000. Nisa Investment Advisors LLC acquired a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $1,119,000. Factorial Partners LLC acquired a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $2,249,000. Finally, Burney Co. acquired a new stake in shares of Wyndham Destinations in the second quarter valued at approximately $4,169,000.

WYND has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Wyndham Destinations in a research note on Monday, June 4th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Wyndham Destinations from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 7th. Wolfe Research initiated coverage on shares of Wyndham Destinations in a research note on Friday, June 1st. They issued a “market perform” rating on the stock. Credit Suisse Group dropped their price target on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, August 9th. Finally, SunTrust Banks initiated coverage on shares of Wyndham Destinations in a research note on Thursday, June 14th. They issued a “buy” rating and a $69.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Wyndham Destinations currently has an average rating of “Buy” and a consensus price target of $58.71.

In related news, Director George Herrera sold 747 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $44.61, for a total transaction of $33,323.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Dean Brown acquired 6,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average price of $45.20 per share, for a total transaction of $271,200.00. The disclosure for this purchase can be found here.

NASDAQ WYND opened at $40.96 on Friday. Wyndham Destinations has a 12 month low of $40.00 and a 12 month high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.53 EPS. Wyndham Destinations’s revenue was up 3.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.00%.

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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Institutional Ownership by Quarter for Wyndham Destinations (NASDAQ:WYND)

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