Acadian Asset Management LLC bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 96,861 shares of the company’s stock, valued at approximately $4,739,000. Acadian Asset Management LLC owned about 0.14% of Travel + Leisure as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in Travel + Leisure during the 4th quarter valued at $794,000. Los Angeles Capital Management LLC grew its holdings in Travel + Leisure by 1,025.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after buying an additional 179,149 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in Travel + Leisure during the 4th quarter valued at $2,081,000. Retirement Systems of Alabama grew its holdings in Travel + Leisure by 87.9% during the 4th quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock valued at $11,016,000 after buying an additional 131,796 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Travel + Leisure during the 4th quarter valued at $4,496,000. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Trading Up 0.7 %
Shares of TNL opened at $48.85 on Tuesday. The firm has a market capitalization of $3.48 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 2.71 and a beta of 1.63. The stock’s fifty day simple moving average is $44.84 and its 200 day simple moving average is $44.11. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.91.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure Co. will post 5.53 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.09%. The ex-dividend date was Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TNL shares. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Mizuho started coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.
Get Our Latest Analysis on TNL
Travel + Leisure Company Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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