Cerebellum GP LLC bought a new stake in Wyndham Destinations (NYSE:WYND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,213 shares of the company’s stock, valued at approximately $580,000. Wyndham Destinations accounts for 0.3% of Cerebellum GP LLC’s holdings, making the stock its 6th largest position.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Wyndham Destinations during the second quarter valued at about $406,681,000. Zimmer Partners LP acquired a new position in shares of Wyndham Destinations during the third quarter valued at about $30,699,000. Nuveen Asset Management LLC acquired a new position in shares of Wyndham Destinations during the second quarter valued at about $25,149,000. Parametric Portfolio Associates LLC acquired a new position in shares of Wyndham Destinations during the second quarter valued at about $22,326,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Wyndham Destinations by 448.4% during the third quarter. Squarepoint Ops LLC now owns 370,253 shares of the company’s stock valued at $17,039,000 after purchasing an additional 302,732 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.
In other Wyndham Destinations news, Director Stephen P. Holmes sold 25,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $48.64, for a total value of $1,216,000.00. Following the completion of the sale, the director now directly owns 842,818 shares of the company’s stock, valued at approximately $40,994,667.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Herrera sold 713 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $49.65, for a total transaction of $35,400.45. The disclosure for this sale can be found here. Insiders own 1.59% of the company’s stock.
Wyndham Destinations (NYSE:WYND) last posted its earnings results on Wednesday, October 30th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Wyndham Destinations had a net margin of 11.22% and a negative return on equity of 87.60%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. As a group, equities research analysts predict that Wyndham Destinations will post 5.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, December 12th. Wyndham Destinations’s payout ratio is presently 38.38%.
Separately, Zacks Investment Research lowered shares of Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $60.00.
About Wyndham Destinations
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.
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