Quadrature Capital Ltd raised its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 107.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,573 shares of the company’s stock after buying an additional 13,772 shares during the quarter. Quadrature Capital Ltd’s holdings in Travel + Leisure were worth $1,040,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TNL. Norges Bank bought a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $34,967,000. AQR Capital Management LLC lifted its stake in Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock worth $63,830,000 after purchasing an additional 447,938 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Travel + Leisure by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock valued at $376,691,000 after purchasing an additional 322,624 shares during the period. Hsbc Holdings PLC grew its position in shares of Travel + Leisure by 747.6% during the 3rd quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after purchasing an additional 140,826 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Travel + Leisure by 87.9% in the fourth quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock worth $11,016,000 after purchasing an additional 131,796 shares during the period. 87.54% of the stock is currently owned by institutional investors.
Travel + Leisure Price Performance
Shares of TNL opened at $43.87 on Wednesday. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $49.02. The stock has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $42.75. The firm has a market cap of $3.13 billion, a P/E ratio of 8.08, a P/E/G ratio of 2.46 and a beta of 1.63.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. On average, equities analysts anticipate that Travel + Leisure Co. will post 5.53 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on TNL shares. Barclays boosted their target price on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Truist Financial upped their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Mizuho assumed coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price for the company. Finally, JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.
Read Our Latest Research Report on Travel + Leisure
Insider Activity at Travel + Leisure
In other Travel + Leisure news, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George Herrera sold 2,969 shares of the stock in a transaction that occurred on 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 sale, the director now owns 2,193 shares of the company’s stock, valued at $99,408.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction 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 directly owns 26,442 shares in the company, valued at $1,242,774. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by company insiders.
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.
Further Reading
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