Michael Dean Brown Acquires 4,500 Shares of Wyndham Destinations (NYSE:WYND) Stock

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Wyndham Destinations (NYSE:WYND) insider Michael Dean Brown bought 4,500 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $27.28 per share, for a total transaction of $122,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Michael Dean Brown also recently made the following trade(s):

  • On Friday, May 8th, Michael Dean Brown bought 4,000 shares of Wyndham Destinations stock. The shares were acquired at an average price of $25.41 per share, for a total transaction of $101,640.00.

NYSE WYND opened at $26.60 on Friday. The business has a 50 day simple moving average of $29.43 and a 200 day simple moving average of $33.04. Wyndham Destinations has a 52-week low of $13.74 and a 52-week high of $53.13. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -221.65 and a beta of 1.95.

Wyndham Destinations (NYSE:WYND) last posted its earnings results on Thursday, July 30th. The company reported ($1.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.41). Wyndham Destinations had a negative return on equity of 16.02% and a net margin of 0.13%. The business had revenue of $343.00 million for the quarter, compared to the consensus estimate of $342.88 million. Analysts anticipate that Wyndham Destinations will post -1.12 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WYND. OmniStar Financial Group Inc. acquired a new stake in Wyndham Destinations during the 1st quarter valued at $28,000. Signaturefd LLC lifted its holdings in Wyndham Destinations by 87.5% during the 1st quarter. Signaturefd LLC now owns 1,414 shares of the company’s stock valued at $31,000 after purchasing an additional 660 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Wyndham Destinations by 278.3% during the 1st quarter. Parallel Advisors LLC now owns 2,228 shares of the company’s stock valued at $48,000 after purchasing an additional 1,639 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Wyndham Destinations during the 1st quarter valued at $85,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Wyndham Destinations by 72.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,413 shares of the company’s stock valued at $96,000 after purchasing an additional 1,854 shares during the last quarter. 86.01% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on WYND. TheStreet cut Wyndham Destinations from a “c” rating to a “d+” rating in a research note on Monday, June 8th. Zacks Investment Research cut Wyndham Destinations from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Cfra cut Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised Wyndham Destinations from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $35.00 in a research note on Tuesday, May 19th. They noted that the move was a valuation call. Finally, Nomura lowered their price target on Wyndham Destinations from $62.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $43.79.

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.

Read More: What can cause a stock to outperform?

Insider Buying and Selling by Quarter for Wyndham Destinations (NYSE:WYND)

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