Wyndham Destinations Sees Unusually High Options Volume (NASDAQ:WYND)

Wyndham Destinations (NASDAQ:WYND) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 2,646 put options on the stock. This represents an increase of 3,208% compared to the average volume of 80 put options.

Several brokerages have recently issued reports on WYND. Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Saturday, August 11th. TheStreet upgraded Wyndham Destinations from a “c” rating to a “b” rating in a report on Monday, July 16th. Jefferies Financial Group assumed coverage on Wyndham Destinations in a report on Monday, July 16th. They set a “buy” rating and a $65.00 price target for the company. SunTrust Banks began coverage on Wyndham Destinations in a report on Thursday, June 14th. They set a “buy” rating and a $69.00 price target for the company. Finally, Credit Suisse Group lowered their price objective on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.71.

In other Wyndham Destinations news, insider Michael Dean Brown bought 6,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were bought at an average price of $45.20 per share, with a total value of $271,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George Herrera sold 747 shares of Wyndham Destinations stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Wyndham Destinations in the second quarter worth about $413,146,000. FMR LLC bought a new stake in shares of Wyndham Destinations in the second quarter worth about $328,935,000. Boston Partners bought a new stake in shares of Wyndham Destinations in the second quarter worth about $294,781,000. Iridian Asset Management LLC CT bought a new stake in shares of Wyndham Destinations in the second quarter worth about $243,246,000. Finally, LSV Asset Management bought a new stake in shares of Wyndham Destinations in the second quarter worth about $111,386,000.

NASDAQ:WYND traded up $0.02 during trading hours on Friday, reaching $40.08. The company had a trading volume of 1,167,930 shares, compared to its average volume of 2,235,047. Wyndham Destinations has a one year low of $39.79 and a one year high of $57.67.

Wyndham Destinations (NASDAQ:WYND) last announced its earnings results on Wednesday, August 8th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Wyndham Destinations’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, September 13th.

Wyndham Destinations Company 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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