Strs Ohio boosted its holdings in Wyndham Destinations (NASDAQ:WYND) by 65.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,609 shares of the company’s stock after purchasing an additional 6,970 shares during the quarter. Strs Ohio’s holdings in Wyndham Destinations were worth $763,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WYND. BlackRock Inc. purchased a new stake in Wyndham Destinations in the 2nd quarter valued at $413,146,000. FMR LLC purchased a new stake in Wyndham Destinations in the 2nd quarter valued at $328,935,000. Boston Partners purchased a new stake in Wyndham Destinations in the 2nd quarter valued at $294,781,000. Iridian Asset Management LLC CT purchased a new stake in Wyndham Destinations in the 2nd quarter valued at $243,246,000. Finally, LSV Asset Management purchased a new stake in Wyndham Destinations in the 2nd quarter valued at $111,386,000.
Shares of Wyndham Destinations stock opened at $43.34 on Wednesday. Wyndham Destinations has a one year low of $33.61 and a one year high of $57.67.
WYND has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 price target for the company. TheStreet upgraded shares of Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded shares of Wyndham Destinations from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Credit Suisse Group cut their price objective on shares of Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Finally, Oppenheimer set a $66.00 price objective on shares of Wyndham Destinations and gave the stock a “buy” rating in a research report on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $57.50.
In related news, insider Michael Dean Brown purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of $45.20 per share, for a total transaction of $271,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Herrera sold 747 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $44.61, for a total transaction of $33,323.67. The disclosure for this sale can be found here.
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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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