LSV Asset Management Sells 20,122 Shares of Travel + Leisure Co. $TNL

LSV Asset Management lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,595,280 shares of the company’s stock after selling 20,122 shares during the quarter. LSV Asset Management owned 2.48% of Travel + Leisure worth $94,903,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Caprock Group LLC bought a new position in shares of Travel + Leisure during the 3rd quarter worth about $1,776,000. ING Groep NV lifted its stake in Travel + Leisure by 115.0% during the third quarter. ING Groep NV now owns 63,000 shares of the company’s stock worth $3,748,000 after purchasing an additional 33,700 shares during the period. Krilogy Financial LLC acquired a new stake in Travel + Leisure during the third quarter valued at approximately $514,000. Versor Investments LP boosted its holdings in Travel + Leisure by 64.2% during the third quarter. Versor Investments LP now owns 25,579 shares of the company’s stock valued at $1,522,000 after purchasing an additional 10,000 shares in the last quarter. Finally, AlTi Global Inc. bought a new stake in shares of Travel + Leisure in the 3rd quarter valued at approximately $249,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analysts Set New Price Targets

TNL has been the subject of a number of recent research reports. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Morgan Stanley upped their price target on Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, January 21st. Finally, Barclays set a $70.00 target price on shares of Travel + Leisure and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $75.25.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $72.13 on Friday. The business’s fifty day moving average is $71.73 and its two-hundred day moving average is $65.56. The firm has a market cap of $4.64 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.38. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $76.21.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 559 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the sale, the insider owned 39,604 shares of the company’s stock, valued at $2,580,992.68. The trade was a 61.22% decrease in their position. The SEC filing for this sale provides additional information. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.