Ninety One UK Ltd Buys 323,885 Shares of Wyndham Destinations (NYSE:WYND)

Ninety One UK Ltd boosted its stake in shares of Wyndham Destinations (NYSE:WYND) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,733,197 shares of the company’s stock after acquiring an additional 323,885 shares during the quarter. Ninety One UK Ltd owned 4.38% of Wyndham Destinations worth $192,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nuveen Asset Management LLC raised its stake in shares of Wyndham Destinations by 100.6% in the second quarter. Nuveen Asset Management LLC now owns 2,592,750 shares of the company’s stock valued at $73,064,000 after acquiring an additional 1,300,119 shares during the last quarter. Senvest Management LLC bought a new position in Wyndham Destinations in the 1st quarter valued at $26,927,000. MUFG Securities EMEA plc bought a new position in Wyndham Destinations in the 2nd quarter valued at $11,554,000. AQR Capital Management LLC boosted its stake in Wyndham Destinations by 121.6% in the second quarter. AQR Capital Management LLC now owns 744,526 shares of the company’s stock worth $20,169,000 after purchasing an additional 408,568 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Wyndham Destinations by 362.2% during the second quarter. Assenagon Asset Management S.A. now owns 515,902 shares of the company’s stock worth $14,538,000 after purchasing an additional 404,287 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

NYSE:WYND traded down $0.46 during mid-day trading on Tuesday, hitting $33.68. The company had a trading volume of 1,306,000 shares, compared to its average volume of 1,154,145. Wyndham Destinations has a fifty-two week low of $13.74 and a fifty-two week high of $53.13. The firm has a market cap of $2.91 billion, a P/E ratio of -282.31 and a beta of 1.91. The business’s fifty day moving average is $29.36 and its two-hundred day moving average is $28.41.

Wyndham Destinations (NYSE:WYND) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($1.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.41). The company had revenue of $343.00 million during the quarter, compared to the consensus estimate of $342.88 million. Wyndham Destinations had a net margin of 0.13% and a negative return on equity of 13.97%. As a group, research analysts anticipate that Wyndham Destinations will post -1.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.56%. Wyndham Destinations’s dividend payout ratio is 35.59%.

In other news, insider Michael Dean Brown acquired 4,500 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $27.28 per share, for a total transaction of $122,760.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.64% of the stock is owned by insiders.

WYND has been the topic of a number of research reports. Deutsche Bank upped their target price on shares of Wyndham Destinations from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Goldman Sachs Group raised Wyndham Destinations from a “neutral” rating to a “buy” rating and lifted their target price for the company from $28.00 to $36.00 in a research note on Tuesday, September 8th. 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. ValuEngine upgraded Wyndham Destinations from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, TheStreet cut Wyndham Destinations from a “c” rating to a “d+” rating in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Wyndham Destinations presently has a consensus rating of “Buy” and an average target price of $40.90.

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.

Further Reading: Shanghai Stock Exchange Composite Index

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

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