Proficio Capital Partners LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 31,128 shares of the company’s stock, valued at approximately $1,570,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Copeland Capital Management LLC boosted its holdings in shares of Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after acquiring an additional 12,111 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Travel + Leisure by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company’s stock valued at $45,691,000 after acquiring an additional 45,447 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after acquiring an additional 138,153 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after acquiring an additional 200,549 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Travel + Leisure by 1.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock valued at $13,412,000 after acquiring an additional 3,841 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.60.
View Our Latest Report on Travel + Leisure
Travel + Leisure Trading Down 2.4 %
NYSE TNL opened at $53.50 on Friday. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.67 and a beta of 1.61. The company’s 50 day moving average is $53.75 and its two-hundred day moving average is $50.30.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. Sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure 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.
See Also
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