Versor Investments LP bought a new position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,384 shares of the company’s stock, valued at approximately $328,000.
A number of other institutional investors have also modified their holdings of TNL. Allworth Financial LP increased its position in shares of Travel + Leisure by 147.5% during the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after acquiring an additional 416 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Travel + Leisure by 334.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock worth $30,000 after acquiring an additional 588 shares during the period. GAMMA Investing LLC purchased a new position in shares of Travel + Leisure during the fourth quarter worth approximately $36,000. Arlington Trust Co LLC purchased a new position in shares of Travel + Leisure during the fourth quarter worth approximately $53,000. Finally, Quent Capital LLC increased its position in shares of Travel + Leisure by 23.6% during the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after acquiring an additional 278 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.
Travel + Leisure Stock Performance
TNL opened at $45.57 on Tuesday. The company has a fifty day moving average of $45.78 and a two-hundred day moving average of $41.52. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 2.55 and a beta of 1.63.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued 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 earned $0.89 earnings per share. Travel + Leisure’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Travel + Leisure Co. will post 5.52 earnings per share for the current year.
Travel + Leisure Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is currently 36.83%.
Analyst Ratings Changes
TNL has been the topic of several research reports. Truist Financial lifted their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JMP Securities initiated coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective on the stock. Barclays lifted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, Mizuho began coverage on shares of 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 four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.
Get Our Latest Report on Travel + Leisure
Insider Buying and Selling
In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the transaction, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the transaction, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 in the last 90 days. Insiders own 4.02% of the company’s stock.
About Travel + Leisure
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.
Further Reading
Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travel + Leisure Co. (NYSE:TNL – Free Report).
Receive News & Ratings for Travel + Leisure Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Travel + Leisure and related companies with MarketBeat.com’s FREE daily email newsletter.
