GSA Capital Partners LLP boosted its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 300.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 31,727 shares of the company’s stock after acquiring an additional 23,807 shares during the period. GSA Capital Partners LLP’s holdings in Travel + Leisure were worth $1,469,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after acquiring an additional 200 shares during the period. Capital Analysts LLC raised its stake in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after acquiring an additional 227 shares during the period. KBC Group NV raised its stake in Travel + Leisure by 8.1% in the 1st quarter. KBC Group NV now owns 3,128 shares of the company’s stock valued at $145,000 after acquiring an additional 235 shares during the period. Cetera Investment Advisers raised its stake in Travel + Leisure by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock valued at $499,000 after acquiring an additional 317 shares during the period. Finally, UMB Bank n.a. raised its stake in Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company’s stock valued at $54,000 after acquiring an additional 409 shares during the period. 87.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on TNL shares. The Goldman Sachs Group lowered their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday. JMP Securities upped their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 24th. Barclays upped their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, July 24th. Finally, Mizuho upgraded Travel + Leisure from a “neutral” rating to an “outperform” rating and upped their price target for the company from $63.00 to $72.00 in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.30.
Get Our Latest Stock Report on TNL
Travel + Leisure Trading Down 0.5%
TNL stock opened at $62.62 on Wednesday. The company’s 50 day moving average is $52.97 and its 200 day moving average is $50.72. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure’s dividend payout ratio (DPR) is 38.62%.
Insider Buying and Selling
In other Travel + Leisure news, insider Jeffrey Myers sold 110,885 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the completion of the sale, the insider owned 142,553 shares of the company’s stock, valued at $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Marshall sold 16,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $60.00, for a total value of $990,000.00. Following the completion of the sale, the insider directly owned 56,736 shares of the company’s stock, valued at approximately $3,404,160. This represents a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 323,474 shares of company stock valued at $19,908,918 in the last 90 days. 3.75% of the stock is 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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